Amendment In The Turkish Commercial Code With The Law Numbered 7262

The following amendments were made to the Turkish Commercial Code with the Prevention of the Financing and Propagation of Weapons of Mass Destruction Legislation Numbered 7262 published in the Official Gazette dated December 31st 2020;

1. Owners of the bearer share certificate should request the disclosure of their shares to the Central Registry Agency prior to December 31st 2021 from the Joint Stock Company which they are a shareholder of. Within five working days of the request the Board of Directors should notify the Central Registry Agency established in the year 2001.
2. • In case of failure to request the notification by the owners of the bearer share certificate till the above-mentioned date, the owners shall not exercise their rights arising from being owners of bearer share certificates such as participating in the distribution of dividends and attending the general assembly until the notification process takes place.