Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Foreign Capital Market Instruments, Depositary Receipts, and Foreign Investment Funds
The Capital Markets Board of Turkey issued Communiqué VII-128.4 to regulate the issuance and sale of foreign capital market instruments, depositary receipts, and foreign investment funds within Turkey. The document establishes eligibility criteria, mandates the appointment of local representatives, and defines specific prospectus and public disclosure requirements for foreign corporations. It further standardizes financial reporting obligations, requiring compliance with international accounting standards and Turkish language translations for all submitted documentation.
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