On August 11, 2017, Capital Markets Board of Turkey (the "CMB") announced via its bulletin that binary options and other transactions having similar nature are not within the jurisdiction of CMB.

The Capital Markets Board of Turkey ("CMB"), authorized by the Omnibus Law No. 6111 for the supervision and surveillance of the leveraged forex transactions.

President's Decree No. 1106 on collecting Banking and Insurance Transactions Tax from foreign exchange transactions was published in the Official Gazette dated 15 May 2019 and numbered 30775, with immediate effect.

The CMB, following the registration of the first ever offering of asset covered bonds (the "ACBs"), has revised the legal provisions governing ACBs.

The Capital Markets Board of Turkey (the "CMB") has amended the legislation on portfolio management business in an attempt to diversify the business line of PMCs, create an alternative distribution and marketing channel for the founders of investment funds (i.e. banks, brokerage firms and insurance companies) and increase the competition in the investment fund market.

Drafting and enactment of a new Capital Market Law which would address the needs of Turkish Capital Markets and which would be in compliance with EU Directives has long been in the agenda of the capital market governors.

This legal alert aims to set forth the new thresholds revised by Banking Regulation and Supervision Agency ("BRSA") dated December 12, 2017 with regards to the loan extension thresholds applicable for vehicle loans...

Regulatory burdens on minority legal entity shareholders of rating agencies have been reduced.

This legal alert provides a brief overview of the changes which were adapted by İstanbul Takas ve Saklama Bankası A.Ş. ("Takasbank") and Turkish Capital Markets Association ("TCMA") recently, on November 1 and 2, 2017.

Certain amendments were made on the Capital Movements Circular in line with the correspondence of Ministry of Treasury and Finance dated 14 May 2019.

In parallel with the "Directive on Principles and Procedures Concerning the Monitoring of Transactions Affecting Foreign Currency Position by Central Bank of Turkey" published by the Central Bank of Turkey ...

Relying on the Regulation on Equity of Banks, BRSA published a communiqué titled Communiqué on the Debt Instruments to be included in Calculation of Banks' Equity in the Official Gazette dated 7 June 2018.

The CMB, in response to the global economic turmoil and recent fluctuations observed in the ISE, has revised the principles applicable for share buy-backs and paved way for all ISE Listed Companies to conduct share buy-back programs.

This Legal Alert aims to set out the new role of Takasbank as a securities settlement system operator in accordance with the recent Resolution of Central Bank of the Republic of Turkey published in the Official Gazette on 18 October 2017.

This legal alert aims to set out the terms of General Letter No. 808 released by Central Registry Agency in Turkey on December 12, 2017 regarding "SWIFT Balance Notification" to be disclosed to foreign custodians.

New regulation adopted by Merkezi Kayit Kurulusu A.S. has brought amendments to the scope and procedures regarding the disclosure of beneficiary ownership information to issuers.

With the recent amendment, Central Bank of Turkey starts to monitor the foreign currency positions of metropolitan municipalities, municipalities, public economic enterprises and universities.

Capital Markets Board of Turkey (the "CMB") has made another set of revisions in the Corporate Governance Principles (the "CGPs") by taking into account the concerns raised by ISE Listed Public Companies.

This legal alert aims to set forth the amendment of Capital Markets Board of Turkey on the Communiqué on Principles Regarding Record Keeping of Dematerialized Capital Markets Instruments numbered II-13.1.

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