Recent Developments On The Disclosure Requirements By The Capital Markets Board

Turkish Capital Markets Board (CMB) has announced major amendments to the Communiqué on Material Events Disclosure No. II-15.1 and the Communiqué on Public Disclosure Platform No. VII 128.6 in order to meet the changing market needs and ensure the market activities being in line with the international standards for the sake of CMB's main project, Istanbul Finance Centre. These amendments are published in the Official Gazette on 10 February 2017 with the gazette number 29975.

The major changes and novelties introduced by the CMB to the Communiqué on Material Events Disclosure No. II-15.1, are as follows:

It has been clarified that the disclosure requirements of the issuers and the relevant parties shall be applicable following the CMB approval for the prospectus or issuance certificate.