Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Warrants and Certificates
The Capital Markets Board of Turkey issued this Communiqué to establish the regulatory framework for the issuance, characteristics, and trading of covered warrants, certificates, and corporate warrants. It defines key terms such as knockouts and barriers, sets strict eligibility and rating requirements for issuers, and mandates specific disclosure standards through prospectuses and issue documents. The regulation further outlines trading mechanisms, including market maker obligations, settlement methods, and public disclosure protocols to ensure market integrity and investor protection.
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