The bank annotates a copy of the investment incentive certificate and the party utilizing the FX Loan shall sign the same copy.

Banking Regulation and Supervisory Agency of Turkey (the "BRSA" or the "Banking Authority") has finally cleared the way for the public offering and private placement of Turkish Lira denominated bonds and bills by deposit banks through its resolution dated 30.09.2010 and numbered 3875 (the "Resolution").

Capital Markets Board of Turkey (the "CMB";) has revised the legislation on related party transactions and internal organization of listed companies with a view to relax and abolish certain requirements as well as to boast investor protection.

On January 26, 2018, Capital Markets Board published a Communiqué numbered VII-128.1.c for the amendment of Article 5/2 of Equity Communiqué numbered VII-128.1, taking effect as from the date it is published in the Official Gazette.

This legal alert aims to set forth the Announcement of Istanbul Stock Exchange (‘Borsa Istanbul') on Volatility Based Measures System concerning the stocks being traded in the Equity Market.

This legal alert aims to set forth the amendment of Capital Markets Board of Turkey on the Communiqué on Sales of Capital Market Instruments numbered II-5.2.

The new Capital Markets Law was published in the Official Gazette and came in effect in the end of 2012.

The CMB, in an attempt to provide a wide-array of products in Turkish Capital Markets, has revised the legal infrastructure governing offerings of foreign securities and depository receipts.

This legal alert aims to set forth the amendments of Capital Markets Board of Turkey dated November 29, 2017 on the Communiqué on Real Estate Certificates numbered VII-128.2.

This Legal Alert aims to set out the amendments made to the Decree No. 32 on Protection of the Value of Turkish Currency ("Decree").

The Decree allows Turkish residents freely to purchase and sell securities and other financial products traded on financial markets abroad as stipulated under Article 15 of the Decree.

Communiqué regarding the Amendment of the Communiqué on Takeover Bids numbered II-26.1.b. which amends the Communiqué on Takeover Bids numbered II-26.1 has been published in the Official Gazette on June 5, 2018.

The Omnibus Law No. 6111 has authorized the CMB for supervision and surveillance of the over the counter leveraged trading activities, the so-called forex transactions, as from August 25, 2011.

This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".

This legal alert aims to set forth the amendment of Capital Markets Board of Turkey dated October 20, 2017 on the Communiqué on Principles Regarding Investment Services, Activities and Ancillary Services numbered III-37.1.

Following the announcement of new trading principles which will be applicable for thin stocks as from 01.10.2010, CMB has continued to take additional measures for the efficient price formation in Turkish Stock Markets and for the prevention of stock market manipulation/disorder.

Certain amendments are made on multiple laws concerning Turkish financial markets with the Law No. 7186 and the Capital Movements Circular in line with the letter of Ministry of Treasury and Finance dated 16 July 2019.

The CMB has revised the legislation on Mutual Funds with a view to abolish certain limitations, to provide new investment options for Fund portfolios and to initiate competition among the Funds.

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.

Recent regulatory changes adopted by the Capital Markets Board ("CMB") are summarized below: