Finance Minister Silvan Shalom will not be extending the tenure of Israel Securities Authority chairwoman Miri Katz, he has belatedly advised her. Capital market sources claim Shalom's decision was no surprise to Katz, who had held the job for five years. Katz will be stepping down on September 20, 2002. The minister had been supposed to advise Katz of his decision three months before her stint ended, meaning, by June 20. But his announcement arrived just a few days ago. For the last two months, Finance Ministry sources have been saying that Shalom was too busy doing other things such as preparing and pushing a tight budget for 2003 - to consider Katz's tenure. Shalom has no short-list of candidates to replace her, the sources add. Katz confirmed that her tenure will not be extended. No comment could be obtained from the ministry.