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ARTICLE · 25 MARCH 2025

CMB Facilitated Buybacks Again

Esin Attorney Partnership
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With the resolution of the Capital Markets Board (the "CMB") numbered i-SPK.22.9 (dated 19 March 2025 and numbered 16/531) (the "Resolution"), the CMB facilitated share buybacks of listed companies.

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
Ali Cetin
Ali Cetin
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Recent Developments

With the resolution of the Capital Markets Board (the "CMB") numbered i-SPK.22.9 (dated 19 March 2025 and numbered 16/531) (the "Resolution"), the CMB facilitated share buybacks of listed companies and their affiliates significantly. The CMB had previously adopted resolution numbered i-SPK.22.7 (dated 14 February 2023 and numbered 9/177) (the "Former Resolution") to facilitate share buybacks of listed companies and their affiliates following the earthquakes on 6 February 2023, but the Former Resolution was revoked by the CMB's resolution numbered i-SPK.22.8 (dated 1 August 2024 and numbered 41/1198). With the Resolution, the CMB reinstated many of the facilities provided for share buybacks in the Former Resolution.

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