New regulation adopted by Merkezi Kayit Kurulusu A.S.
has brought amendments to the scope and procedures regarding the
disclosure of beneficiary ownership information to
issuers.
On 2nd February 2021, Merkezi Kayit Kurulusu A.S.
(central securities depository of Turkey,
"MKK") has published the Regulatory
Letter No. 916 and adopted the Regulation on the Procedures and
Principles on Sharing Beneficiary Ownership Information with
Issuers ("Recent Regulation") which
replaces the Regulation on the Procedures and Principles on the
Information and Data to be Disclosed to Issuer Companies for
Promotional and Similar Benefit Deriving Purposes
("Previous Regulation").
The Recent Regulation, parallel to its predecessor, does not
cover the disclosure of shareholding or beneficiary ownership
information by MKK to issuers for the purposes relating to the
issuers' regulatory obligations and the issuers' obligation
to inform investors; as such matters are regulated with
