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ARTICLE · 01 APRIL 2019

Significant Changes To Turkish Capital Markets Legislation During The Second Half Of 2018

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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Considering certain gaps in the market, and in light of the ongoing economic imbalances, the Turkish Capital Markets Board ("CMB") continues to update capital markets legislation day by day.

TurkeyFinance and Banking
Gönenç Gürkaynak
Gönenç Gürkaynak
Nazlı Nil Yukaruç
Nazlı Nil Yukaruç
Damla Doğancalı
Damla Doğancalı
Selen Ermanlı Sakar
Selen Ermanlı Sakar
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Considering certain gaps in the market, and in light of the ongoing economic imbalances, the Turkish Capital Markets Board ("CMB") continues to update capital markets legislation day by day. This article will focus on some of the significant changes that have been introduced to Turkish capital markets legislation during the second half of 2018, which are as follows:

Regulation on the Activity, Working and Auditing Principles of the Data Storage Institution

According to Article 87 of the Capital Markets Law, the CMB may require capital market transactions to be notified to a duly authorized data storage institution for the surveillance of systemic risks and for ensuring financial stability. In this respect, on September 19, 2018, the CMB introduced the Regulation on the Activity, Working and Auditing Principles of the Data Storage Institution as a secondary legislation.

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