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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                     FORM 15

     CERTIFICATION AND NOTICE OF TERMINATION OF REGISTRATION UNDER SECTION 12(G)
     OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE
     REPORTS UNDER SECTIONS 13 AND 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934.

                                                Commission File Number: 1-11712


                                  msystems Ltd.
- --------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


             7 Atir Yeda St., Kfar Saba, Israel 44425 972-9-764-5000
- --------------------------------------------------------------------------------
   (Address, including zip code, and telephone number, including area code, of
                   registrant's principal executive offices)


         Ordinary Shares of msystems Ltd., par value NIS 0.001 per share
- --------------------------------------------------------------------------------
            (Title of each class of securities covered by this Form)


                                      None
- --------------------------------------------------------------------------------
   (Titles of all other classes of securities for which a duty to file reports
                     under section 13(a) or 15(d) remains)


         Please place an X in the box(es) to designate the appropriate rule
provision(s) relied upon to terminate or suspend the duty to file reports:

          Rule 12g-4(a)(1)(i)  [ ]             Rule 12h-3(b)(1)(i)  [ ]
          Rule 12g-4(a)(1)(ii) [ ]             Rule 12h-3(b)(1)(ii) [ ]
          Rule 12g-4(a)(2)(i)  [X]             Rule 12h-3(b)(2)(i)  [X]
          Rule 12g-4(a)(2)(ii) [ ]             Rule 12h-3(b)(2)(ii) [ ]
                                               Rule 15d-6           [ ]

         Approximate number of holders of record as of the certification or
notice date:
                           Ordinary Shares: One (1)
         -----------------------------------------------------------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
msystems Ltd. has caused this certification/notice to be signed on its behalf by
the undersigned duly authorized person.

Date: November 20, 2006                             MSYSTEMS LTD.
     ------------------
                                                    By: /s/ Judy Bruner
                                                        -----------------------
                                                        Name: Judy Bruner
                                                        Title: Director

Instruction: This form is required by Rules 12g-4, 12h-3 and 15d-6 of the
General Rules and Regulations under the Securities Exchange Act of 1934. The
registrant shall file with the Commission three copies of Form 15, one of which
shall be manually signed. It may be signed by an officer of the registrant, by
counsel or by any other duly authorized person. The name and title of the person
signing the form shall be typed or printed under the signature.

PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE
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NUMBER.