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Publications


The Turkish Emissions Trading System Takes Effect!
The Türkiye Emissions Trading System Regulation, in force as of August 27, 2026, sets out the operation of the ETS and emission reporting obligations.
Sep 84 min read


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


National Green Finance Strategy and Action Plan Has Been Published!
The National Green Finance Strategy and Action Plan (2026-2029), drafted under the coordination of the Ministry of Treasury and Finance, has been published pursuant to Presidential Circular No. 2026/8.
Jul 242 min read


Conditional Capital Increase for Start-ups and the Era of "Digital Companies"
The Law on Amendments to Certain Laws No. 7582, entered into force upon its publication on June 4, 2026. The Law paves the way for the implementation of significant amendments in conditional capital increases for companies holding a techno-entrepreneurship badge (teknogirişim rozeti) that receive investment through convertible debts.
Jun 92 min read


New Regulation by the Turkish Competition Authority: Turnover Thresholds for Mergers and Acquisitions Have Been Revised!
The Communiqué Amending the Communiqué on Mergers and Acquisitions Requiring the Approval of the Competition Board, prepared by the Competition Board, entered into force on February 11, 2026. The Amending Communiqué introduces changes to the definitions of “undertakings concerned (ilgili teşebbüs)” and “transaction parties (işlem tarafı)”, as well as to the turnover thresholds for mergers and acquisitions subject to approval of the Competition Board.
Feb 124 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


A New Opportunity for Start-ups: Techno-Entrepreneurship Startup Badge (Teknogirişim Rozeti)
The Regulation governs the procedures and principles for identifying technology-based and innovative start-ups, and for granting the techno-entrepreneurship badge (“Badge”) to start-ups that meet the requirements set forth in the Regulation.
Jul 22, 20252 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 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


Minimum Capital Required for Companies are Increased!
With the Presidential Decision published in the Official Gazzette dated November 25, 2023, minimum capital requirement for joint-stock ...
Dec 5, 20232 min read
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