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Publications


Three Days Later CMB Narrows New Share Sale Restrictions: BIST 30 and State-Controlled Companies Carved Out of New Share Sale Restrictions
Under the CMB’s principle decision dated August 31, 2026, BIST 30 and state-controlled companies are carved out of the new off-exchange share sale restrictions.
Sep 22 min read


Off-Market Share Sales by Major Shareholders No Longer Unrestricted: CMB Introduces 2% and 4% Caps
The CMB’s Principal Decision dated August 28, 2026 introduces 2% and 4% caps on off-market share sales by major shareholders in Turkish listed companies.
Aug 313 min read


New Priority Criteria Set for IPO Applications!
The CMB’s Principal Decision dated August 27, 2026 sets new criteria for prioritizing the review of initial public offering applications of non-public companies.
Aug 312 min read


New Era in Disclosures: English Disclosure Requirement Extended to All Listed Companies
Pursuant to the CMB’s Bulletin No. 2026/51 dated August 13, 2026, the English disclosure requirement is being extended to all listed companies in Türkiye.
Aug 271 min read


Investor Compensation Center Regulation Amended: Return Applications Move to e-Government, Special Fund Claims at Risk
The CMB’s amendments to the Investor Compensation Center Regulation were published in Official Gazette No. 33311 of 16 July 2026 and entered into force that day.
Jul 284 min read


New Era in Venture Capital Funds: Ministry Announces Procedures and Rules Governing Capital Allocations!
The Regulation on Participation in Venture Capital Funds, jointly issued by the Ministry of Industry and Technology and the Ministry of Treasury and Finance, establishes new rules and resource scopes for venture capital investments and entered into force on November 28, 2025.
Dec 15, 20254 min read


The First Comprehensive Regulation for Crypto is About to Arrive!
Due to the widespread use of crypto asset trading platforms and the high volatility of crypto asset prices regulating these markets to ...
May 24, 20246 min read


New Principals In E-Applications from Capital Markets Board!
The Capital Markets Board (CMB) provided important details pertaining to submissions via the E-Application in the CMB bulletin dated ...
Apr 5, 20241 min read


New Era in Hedge Funds: All Eyes on the Public Disclosure Platform!
The Communiqué on Principles on Investment Funds is amended by Capital Market Board of Türkiye through the Official Gazette dated March ...
Mar 7, 20243 min read


New Era in Foreign Exchange (“FX”) Payment Ban: Exceptions for Foreign Trade Contracts!
The Communiqué No. 32/34 on the Decree No. 32 on the Protection of the Value of the Turkish Currency is amended by the Ministry of Trea...
Mar 5, 20242 min read


New Move By the BIST: The Market Determination Criteria Are Changing!
Minimum amounts applicable for listing on various markets are updated by Borsa Istanbul A.Ş. (“BIST”) as follows:
Jan 5, 20241 min read


CMB’s New Era: Initial Public Offerings Out, Venture Capital Market In!
The financial criteria of registered capital system and public offering were amended with the Capital Markets Board Bulletin dated Dec...
Jan 4, 20241 min read


The CMB in Close Marking After Public Offering!
The Capital Markets Board (“CMB”) imposed administrative fines on three separate companies due to discrepancies in the utilization of public
Nov 9, 20231 min read


Beginning of Digital Era in CMB Applications!
Capital Markets Board (CMB), is embarking on a digital era in its application procedures, aiming to shorten the processing time for ...
Oct 9, 20231 min read


New Era in Borsa Istanbul: Venture Capital Market!
Sermaye Piyasası Kurulu’nun (SPK) Payları Girişim Sermayesi Pazarında İşlem Görecek Ortaklıklara İlişkin Esaslar Tebliği uyarınca halka ...
Oct 5, 20232 min read
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