Turkey: Securities

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Article
Share Transfer In Turkish Limited Liability Companies And Joint Stock Companies - What Actually Changes Ownership
A Turkish share acquisition does not pass ownership through one universal closing act. The required step depends on the company type, whether a joint stock company has issued certificates, the wording of the articles of association and, for bearer or dematerialised shares, the applicable central-registration rules. This article separates title transfer from recognition by the company and from public or electronic disclosure.
Turkey Commercial
OP
ONGUR & PARTNERS
Article
Sermaye Piyasası Kurulu İlke Kararı İle Pay Ve Oy Hakkı Değişikliklerine İlişkin Açıklama Eşiği %3’e İndirilmiştir.
Turkey's Capital Markets Board has lowered the disclosure threshold for shareholding changes in publicly traded companies from 5% to 3%, effective September 11, 2026. This regulatory update requires earlier public disclosure of ownership structure changes and introduces new transparency requirements for both direct and indirect shareholdings through the Central Registry Agency.
Turkey Finance
N
Nazali
Article
CMB Updates Share Ownership Disclosure And Free Float Rules
The Capital Markets Board of Türkiye has introduced significant changes to share ownership disclosure requirements and free float calculations for companies listed on Borsa İstanbul. The new regulations lower the minimum disclosure threshold from 5% to 3% and establish updated rules for how repurchased shares and indirect shareholdings affect free float calculations. These changes have important implications for direct shareholders, persons acting in concert, and those with indirect ownership stru
Turkey Finance
MA
Moroglu Arseven
Article
Significant CMB Principle Decisions On Block Trades And IPOs
The Capital Markets Board of Türkiye has introduced significant regulatory changes affecting share transfers in listed companies and the prioritisation of initial public offering applications. New thresholds now govern block trades based on free float ratios, while certain strategic companies may receive expedited IPO review under specific criteria. These measures aim to enhance market transparency, protect investors, and facilitate large-scale international offerings.
Turkey Finance
P
Paksoy
Article
Sınır Ötesi Hızlandırılmış Talep Toplama İşlemlerinin Hukuki Yapısı
Accelerated bookbuilds enable rapid equity sales across multiple jurisdictions, but executing them requires simultaneous compliance with Turkish disclosure rules, UK/EU market abuse regimes, and US private placement frameworks. This article examines how legal teams navigate prospectus exemptions, wall-crossing procedures, and settlement mechanics when a single overnight transaction must satisfy three distinct regulatory systems without leaving gaps in investor protection or operational execution.
Turkey Finance
KL
Kabine Law Office
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