Turkey: Securities

In the Bulletin of the Capital Markets Board (the “Board”) dated 13 August 2026 and numbered 2026/51, the announcement (the “Announcement”) made pursuant to the decision of the Board’s Decision-Making Body dated 13 August 2026 and numbered 49/1489, and Principle Decision i-SPK 128.29 (decision dated 13 August 2026 and numbered 49/1500) (the “Principle Decision”) have been published.

The CMB has determined three alternative criteria for prioritising, independently of the announced queue, the public offering applications of non-publicly held corporations

Turkey's Capital Markets Board has introduced new regulations requiring major shareholders of publicly traded companies to obtain regulatory approval before conducting off-exchange share sales above specified thresholds. The rules establish different percentage thresholds based on a company's free float ratio and apply to shareholders holding more than 20% of share capital or those with privileged board appointment rights. These requirements mark a significant expansion of existing disclosure obligations, t

Türk sermaye piyasalarında 2026 yılının ilk yarısında yaşanan düzenleyici dönüşümler, jeopolitik krizlere karşı alınan acil tedbirlerden kripto varlık platformlarının yetkilendirilmesine, yatırımcı sınıflandırmasından fiili dolaşımdaki pay hesaplama yöntemlerinin güncellenmesine kadar geniş bir yelpazede gerçekleşti. SPK'nın bu dönemde

This bulletin examines six key decisions and regulatory measures adopted by the Capital Markets Board of Türkiye during the first half of 2026, spanning emergency market interventions following geopolitical crises, electronic ledger system reforms, investor classification updates, crypto asset transition timelines, free float ratio calculations, and restrictions on banks' overseas trading activities. These measures collectively demonstrate how the regulator is leveraging the capital markets framework t

Bildirilen varlıklara ilişkin olarak taahhütlere uyulmaması durumunda, zamanında tahakkuk ettirilmeyen vergiler için vergi ziyaı cezası uygulanmayacaktır. Ödeme şartı yerine getirilmediği için vergi korumasının kaybedilmesi, vadesinde ödenmeyen vergi aslının gecikme zammı ile birlikte takip ve tahsiline engel teşkil etmez. Tahsil edilmiş olan vergiler de iade edilmez

The Turkish IPO market has continued its robust growth in recent years, with 179 companies completing IPOs between 2021 and 2024, raising approximately a total of $8.6 billion

Issuance and Notification of Bearer Share Certificates Pursuant to Article 484 of the Turkish Commercial Code ("TCC"), joint stock companies have two types of share certificates: registered shares and bearer shares.

15/10/2025 tarihli Resmi Gazete'de, 17/06/2025 tarihli ve 2024/193 Esas, 2025/136 Karar sayılı Anayasa Mahkemesi kararı ("karar") yayımlanmıştır.