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ARTICLE · 06 JUNE 2020

Measures Against Manipulation And Misleading Transactions Are Expanding

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Following the amendments made in the Banking Law No. 5411 on 20 February 2020, the Regulation on Manipulation and Misleading Transactions in Financial Markets ("the Regulation") was published...

TurkeyFinance and Banking
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Following the amendments made in the Banking Law No. 5411 on 20 February 2020, the Regulation on Manipulation and Misleading Transactions in Financial Markets ("the Regulation") was published in the Official Gazette on 7 May 2020 and entered into force.

The Article 76/A1, which was added to the Banking Law on 20 February as the basis of the Regulation, defines manipulation and misleading transactions in financial markets by explicitly referring to the banking transactions and sets forth that transactions and practices within this scope would be further embodied by the Banking Regulation and Supervision Agency ("BRSA").

According to this definition "the conduct of transactions and practices aimed to determine the prices including unnatural supply, demand or exchange rates in financial markets, the dissemination of false and misleading information through different means, including the internet, false and misleading orientation of savers or similar transactions

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