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On November 27, 2015, the Capital Markets Board of Turkey published Resolution No. 128.11, clarifying the underwriting regime for Turkish IPOs.

"Going public" through an initial public offering of its shares can be an efficient source of direct funding for many joint stock companies.

The Amendment entered into force on November 4, 2019.

The Capital Markets Board of Türkiye has introduced significant regulatory changes affecting share transfers in listed companies and the prioritisation of initial public offering applications. New thresholds now govern block trades based on free float ratios, while certain strategic companies may receive expedited IPO review under specific criteria. These measures aim to enhance market transparency, protect investors, and facilitate large-scale international offerings.

Capital Markets Board of Turkey announced new principles on IPOs, Rights Issues and Bonus Issues with a view to discipline the supply side of Turkish Capital Markets.

As of 1 January 2013, in parallel with the entry into force of the New Capital Markets Law, secondary legislation is rapidly being issued by the Capital Markets Board with introducing novelties.

A REIT must conduct its activities in suitable business premises with the necessary equipment.

Lock-up undertakings serve as a critical mechanism in public offering processes, restricting existing shareholders and issuers from selling or transferring shares for specified periods following an initial public offering.

There are three basic types of security that can be created under English law.

The summer of 2005 has been a very busy period for the Privatization Administration (“PA”) and investors. Privatizations of several State-owned entities, including arguably the three largest of all, were conducted within a very short period of time.

The Capital Markets Board of Turkey has introduced a new framework for calculating shares in actual circulation for companies listed on Borsa İstanbul's Equity Market, fundamentally changing how free float ratios are determined. The updated regulations establish comprehensive exclusion criteria for certain shareholdings and introduce a novel approach that accounts for indirect shareholdings through hedge funds and other publicly traded entities. This regulatory shift requires monthly reporting obligati

International law firm Baker & McKenzie published the Global Transactions Forecast, a projection of mergers, acquisitions and public offerings from 36 countries around the world, in cooperation with Oxford Economics.

Perhaps the most challenging privatization project is due by the end of this year, as the privatization of electricity distribution facilities in 2005 is among Turkey’s undertakings to the IMF. Although a privatization in the electricity market was foreseen in the Electricity Market Law introduced in February 2001 (“EML”), the Government had some significant constraints to overcome. With unpleasant experiences in cancelled privatizations, the Government has been taking very cautious steps in ord

Over the last few years, economic and legislative reforms – as well as a newly established macroeconomic policy that includes a serious privatization program – have built up a strong private sector in Turkey.

The Communiqué on Principles Regarding Security Investment Companies has been published in the Official Gazette dated August 29, 2013 and numbered 28750, replacing the former Communiqué dated August 5, 2011 and numbered 28016.

Yeni market yapısı, hisse senetlerinin etkin olarak değerlemesinin yapılmasını sağlayacak.

Capital Markets Law No. 2499, which was in force for approximately 30 years, was replaced with Capital Markets Law No. 6362 on 30 December 2012.