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All Articles [ 132 ]
CMB Expands English Material Event Disclosure Requirement to All Listed Companies
Capital Markets Board of Türkiye (CMB) has expanded the scope of the existing English material event disclosure requirement for first group public companies to all public companies listed in Borsa Istanbul A.S. (Borsa Istanbul), effective from 1 October 2026. CMB’s Resolution dated 13 August 2026 and numbered 49/1489 (Resolution), amending the Section “IV. Language and Form of Material Event Disclosures” of CMB’s Material Events Guide was published in the CMB Bulletin numbered 2026/51. Resolution requires all Turkish public companies whose shares are listed on Borsa Istanbul to disclose their material events in Public Disclosure Platform, in accordance with the applicable...
Transfer of Yields: Foreign-Capital Entities and Non-Residents
The transfer of profits obtained by foreign-capital entities from their operations in Türkiye, as well as the transfer of profit shares of foreign-capital partnerships and the income (dividends, profit shares and interest) derived by non-residents from securities and other capital market instruments purchased in Türkiye, shall be carried out by banks in accordance with the principles set out in the Circular on Invisible Transactions dated 18 May 2026. 1. Background As per Decision No. 32 on the Protection of the Value of the Turkish Currency, net profits, dividends, proceeds from sales, liquidation proceeds and compensation payments arising from foreign investors’...
Obligations of Crypto Asset Service Providers Regarding the Prevention of Financial Crimes
Certain mandatory obligations have been introduced under international and domestic legislation for specific commercial and professional organizations, particularly financial institutions, to prevent financial crimes such as money laundering and the financing of terrorism; and the authority and duty to regulate and supervise this field in Türkiye has been granted to the Financial Crimes Investigation Board (MASAK or FCIB). In this context, the Law on Prevention of Laundering Proceeds of Crime No. 5549 (Law), the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism (Regulation on Measures) and the obligations referred to in the relevant legislation...
Kripto Varlık Hizmet Sağlayıcılar’ın Mali Suçların Önlenmesine İlişkin Yükümlülükleri
Para aklama ve terörizmin finansmanı gibi mali suçların önlenmesi amacıyla, uluslararası ve yerel mevzuatta, finansal kuruluşlar başta olmak üzere belirli ticari ve mesleki kuruluşlarca uyulması zorunlu birtakım yükümlülükler getirilmiş ve Türkiye’de bu alandaki düzenleme ve denetleme görev ve yetkisi Mali Suçları Araştırma Kurulu’na (MASAK) verilmiştir. Bu kapsamda 5549 sayılı Suç Gelirlerinin Aklanmasının Önlenmesi Hakkında Kanun (Kanun), Suç Gelirlerinin Aklanmasının ve Terörün Finansmanının Önlenmesine Dair Tedbirler Hakkında Yönetmelik (Tedbirler Yönetmeliği) ve ilgili mevzuatta anılan yükümlülüklere uyum sorumluluğu bulunan ve yükümlü sıfatını taşıyan kuruluşlar belirlenmiştir. Kripto Varlık Hizmet Sağlayıcılar (KVHS) da Kanun ve Tedbirler Yönetmeliği uyarınca yükümlü sıfatını taşıyan kuruluşlar arasında sayılmıştır....
Resolutions from CMB on Banks’ Cross-Border Order Transmission Activities and Foreign ETFs
Capital Markets Board’s recent resolutions have amended the principles governing (i) deposit and participation banks’ intermediation to transmission of orders to institutions residing abroad and (ii) trading of foreign exchange traded funds. Resolution of the Capital Markets Board (the “Board”) dated 17 June 2026 and numbered 37/1118 (the “Resolution”) was published in the Board Bulletin dated 17 June 2026 and numbered 2026/39. The Resolution has amended (i) the Guide on Investment Services and Activities and Investment Institutions with Principle Decision No. i-SPK.37.9 and (ii) Principle Decision dated 27 February 2015 and numbered 5/263 on foreign exchange traded funds (“ETF(s)”). In...