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ARTICLE · 04 AUGUST 2016

Recent Amendments On Capital Markets Legislation

Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
Explore more from Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)

The Capital Markets Board of Turkey ("CMB") has recently announced various amendments to capital markets legislation and has also issued a new regulation in relation to the Investor Compensation Center.

TurkeyFinance and Banking
Fatoş Otcuoğlu
Fatoş Otcuoğlu
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The Capital Markets Board of Turkey ("CMB") has recently announced various amendments to capital markets legislation and has also issued a new regulation in relation to the Investor Compensation Center.

Please note that the below explanations include only a brief summary of the amendments and aim to shed light on certain vital issues which might be to your benefit. Please do not hesitate to contact us should you have further questions on the matter and in case of any concrete cases related to the below amendments; concerning which you may need further assistance.

1. Communiqué VII-128.1 on Shares ("Communiqué on Shares")

As per Article 8 of the Communiqué II-16.1 on the Principles Pertaining to the Removal of Corporations from the scope of the Law and the Obligation to Trade Shares on the Exchange ("Communiqué on Delisting"), those corporations, the audited financial statements for the last two financial years of which show that (i) total assets are below TL 10

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