Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Material Events Disclosure Regarding Non-Publicly Traded Corporations
The Capital Markets Board of Turkey issued Communiqué II-15.2 to establish procedures for the public disclosure of material events by publicly held corporations whose shares are not traded on the stock exchange. The regulation mandates that entities disclose specific events, such as changes in shareholding thresholds, management control, mergers, or legal proceedings, within five business days of occurrence. These disclosures must be timely, accurate, and complete to ensure market transparency and protect investor interests.
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