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Publications


One-Year Extension for Compliance with Minimum Capital Requirement!
A Communiqué published in the Official Gazette on October 17, 2026 extends the deadline for compliance with the minimum capital requirement to December 31, 2027.
Oct 212 min read


131 Funds in Liquidation: Why Investors in the Same Fund May Have Different Legal Positions – Pending redemption orders, payment priority and what investors need to do now
By Bulletins No. 2026/60 and 2026/61, the CMB suspended trading in the funds of seven portfolio management companies and set liquidation rules for 131 funds.
Sep 2117 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 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 Circular on Minimum Capital Requirement: Regulation on Registry Procedures Related to the Capital of Companies!
The minimum capital requirement amounts were increased effective January 1, 2024, as stipulated by the Presidential Decision published in ..
Feb 9, 20242 min read


Significant Amendments to Regulations on Payment Services
On October 7, 2023, the Regulation on Amendments to the Regulation on Payment Services and Electronic Money Issuance and Payment Service ...
Nov 9, 20235 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


Capital Increase with Share Premium and the Effects of Additional Tax on Startup Companies
What is Capital Increase with Share Premium and its Purpose? The Impact of Additional Tax Imposed by Law No. 7440 on Start-up Companies ...
Aug 25, 20234 min read
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