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ARTICLE · 20 SEPTEMBER 2019

How To Process The Forward Looking Statements As Per The Communiqué On Material Events?

ELIG Gürkaynak Attorneys-at-Law
ELIG Gürkaynak Attorneys-at-Law
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ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law

ELIG Gürkaynak Attorneys-at-Law is an eminent, independent Turkish law firm based in Istanbul. The...

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This article is focused on how the forward looking statements should be processed by issuers as per the Communiqué.

TurkeyFinance and Banking

The Communiqué on Material Events (II-15.1) ("Communiqué") introduced by the Capital Markets Board of Turkey and entered in to force on January 23, 2014 ("CMB") sets out certain procedures and principles for companies which fall under the scope of the said Communiqué as issuer of the capital markets instruments (i.e. "issuers").

The Communiqué mainly regulates disclosure of material information, events and developments which may affect the value of their capital market instruments or investment decisions of the investors, and the Communiqué aims to provide a reliable, transparent, efficient, fair and competitive capital market to investors. For the same purpose the Communiqué regulates specific rules with regards to the forward looking statements of the issuers.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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