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ARTICLE · 05 NOVEMBER 2019

New Market Structure Of Borsa Istanbul

Esin Attorney Partnership
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The Amendment entered into force on November 4, 2019.

TurkeyFinance and Banking
Muhsin Keskin
Muhsin Keskin
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Recent Developments

Borsa Istanbul A.Ş. ("BIST") Board of Directors' Decision No. 2019/182 dated September 27, 2019 and the Capital Markets Board's (the "CMB") Decision No. 52 dated September 19, 2019 amended the Equity Market Directive and Listing Directive (the "Amendment"). The Amendment entered into force on November 4, 2019.

What's New?

  • The new market structure in the equity market is as follows:
    • BIST Star – Group 1, Group 2
    • BIST Main – Group 1, Group 2
    • Emerging Companies Market (ECM)
    • Watch List (WL)
    • Pre-Market Trading Platform (PMTP)
    • Structured Products and Funds Market (SPFM)
    • Equity Market For Qualified Investors (EMFQI)
  • The ABCD grouping regulation of the CMB regarding the equities was abolished by the effective date of the Amendment.

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