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ARTICLE · 04 FEBRUARY 2025

Amendments To Türkiye Sustainability Reporting Standards - January 2025

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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The scope of Türkiye Sustainability Reporting Standards ("TSRS") has been significantly narrowed by amendments which entered into force from accounting periods beginning on or after January 1, 2024.

TurkeyFinance and Banking
Ömer Erdoğan
Ömer Erdoğan
Berke Yalçın
Berke Yalçın
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The scope of Türkiye Sustainability Reporting Standards ("TSRS") has been significantly narrowed by amendments which entered into force from accounting periods beginning on or after January 1, 2024. The decision was adopted by the Public Oversight, Accounting and Auditing Standards Authority ("KGK") on December 16, 2024 and published in the Official Gazette on December 18, 2024.

Most notably, companies who trade shares to qualified investors on Borsa İstanbul A.Ş. ("Borsa İstanbul"), Watch List Market (Yakın İzleme Pazarı) and Venture Capital Markets (Girişim Sermayesi Pazarı) are now exempt from TSRS.

Previously, joint stock companies who traded their capital market instruments on a stock exchange or other organized markets, or for who an issuance certificate or prospectus had been approved for trading, were subject to TSRS. The amendment now includes only companies whose shares are traded on Borsa İstanbul.

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