Regulatory Alerts2014-03-26
Added · Updated
Communiqué on Sales of Capital Market Instruments (II-5.2)
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 defines key terms and mandates specific procedures for public offerings, private placements, and sales to qualified investors, including strict requirements for investor declarations and registration. It further details operational rules such as sales periods, book-building mechanisms, and the use of the Central Registry Agency for the dematerialized delivery of securities.
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