Regulatory Alerts2021-09-01
Added · Updated
Communiqué on Sales of Capital Market Instruments
The Capital Markets Board issued Communiqué II-5.2 to establish principles governing the sales methods, distribution, and delivery of capital market instruments in Turkey. The regulation distinguishes between public offerings and private placements, detailing specific requirements for qualified investors, sales periods, and pricing mechanisms such as book-building. It mandates that issuers and authorized institutions adhere to strict disclosure, investor verification, and delivery protocols to ensure market transparency and investor protection.
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