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ARTICLE · 05 JUNE 2013

A Major Shift In The Regulatory Perspective Regarding IPOs, Rights Issues And Bonus Issues

Eryurekli Law Office
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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.

TurkeyCorporate/Commercial Law
Eryürekli Attorney Partnership
Eryürekli Attorney Partnership
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 Capital Markets Board of Turkey (the "CMB") announced new principles (the "New Principles") on IPOs, Rights Issues and Bonus Issues with a view to discipline the supply side of Turkish Capital Markets. This recent regulatory step is a major shift in the regulatory perspective and puts a prominent emphasis on the quality of fund raising activities in Turkish capital markets.

According to the new perspective, the capital markets motto which was largely based on increasing the number of companies benefiting from equity capital markets has turned out to be a motto with a conservative, but investor friendly character. From now on, companies intending tap into equity capital markets, their controlling shareholders and brokerage firms acting as intermediaries in the IPO market shall comply with certain principles.  

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