Capital Markets Board (“CMB”) has increased the financial conditions for initial public offerings, based on the re-evaluation ratio, with its Decision dated 26 December 2024 and numbered 66/2058, announced in the CMB Bulletin dated 31 December 2024. Some of the significant changes are highlighted below:
On December 3, 2024, the Turkish Competition Authority took a significant step by publishing the “Guidelines on Competition Infringements in Labour Markets” (“Guideline”) within the scope of the Law No. 4054 on the Protection of Competition (“Law No. 4054”).
Proprietary trading (“prop trading”) is where a firm invests its own funds for profit rather than using a client’s money. The primary aim of prop trading is profit rather than earning commission from processing trades.
Sermaye Piyasası Kurulu’nun (“Kurul”) 21.11.2024 tarih ve 60/1696 sayılı kararı ile Yatırım Fonlarına İlişkin Rehber’de (“Fon Rehberi”) bazı değişiklikler yapılmıştır.
With the decision of the Capital Markets Board (“Board”) dated November 21, 2024, and numbered 60/1696, certain amendments have been made to the Guide on Investment Funds (the “Fund Guide”).
The Capital Markets Board (“CMB”) published the Communiqué Amending the Communiqué on Principles Regarding Venture Capital Investment Funds (III-52.4.c) (“Amendment Communiqué”), which regulates the principles regarding the establishment of venture capital investment funds, operating norms and rules, issuance of participation shares and their sale to qualified investors, issuance documents, investor information, liquidation and termination, in the Official Gazette No. 32669 on 21 September 2024, which came into force as of the date of publication.
Sermaye Piyasası Kurulu (“SPK”) tarafından 21 Eylül 2024 tarihinde 32669 sayılı Resmî Gazete ile girişim sermayesi yatırım fonlarının kuruluşları, faaliyet ilke ve kuralları, katılma paylarının ihracı ile bunların nitelikli yatırımcılara satış, ihraç belgesi, yatırımcılarının bilgilendirilmesi, tasfiye ve sona ermelerine ilişkin esasları düzenleyen Girişim Sermayesi Yatırım Fonlarına İlişkin Esaslar Tebliği
Due to the difficulties for certain sectors to reach the increased financial thresholds while considering an initial public offering (IPO), on 28.03.2024, the Capital Markets Board (Board) has announced a principle decision regarding the decrease of the monetary thresholds, which was increased at the end of 2023 for certain companies operating in the
Turkey is in the final round for its new crypto legislation. The Proposed Law Amending the Capital Markets Law numbered 6362 (the “Crypto Proposal”), which is expected to enter into force very shortly, defines crypto asset service providers
COMMUNIQUÉ ON THE PRINCIPLES REGARDING THE COMPANIES THE SHARES OF WHICH WILL BE TRADED ON THE VENTURE CAPITAL MARKET IS PUBLISHED