This legal alert aims to summarize the recent amendments made in Decree No: 32 in relation to the leveraged (i.e. FOREX) transactions of Turkish residents.
This Briefing Note aims to guide foreign investors who carry the intention to engage in capital market activities in Turkey and to summarize the types of investment services and activities in Turkish capital markets and disclosure requirements of foreign investors based on the main piece of legislation regulating this subject, Capital Markets Law No. 6362 (“CML”) and Communiqué on Investment Services and Activities and Ancillary Services No. III-37.1 (“Investment Services Communiqué”), published by the Capital Markets Board of Turkey (“CMB”).
Warrants are capital markets instruments that give the holder the right, but not any obligation, to buy (call warrant) or sell (put warrant) underlying assets, indices, stocks (shares of companies listed or to be listed), or other indicators such as commodities or precious metals, at a certain price, quantity, and on or until a specific maturity date.
This Briefing Note seeks to summarize the procedures and requirements for the sale of foreign mutual fund units in Turkish capital markets based on the primary legislation regulating this subject, the Communiqué on Foreign Capital Market Instruments and Depositary Receipts and Foreign Investment Funds VII-128.4 (“Communiqué”), published by the Capital Markets Board of Turkey (“CMB”) in the Official Gazette dated 23.10.2013 and numbered 28800.
This Briefing Note provides brief descriptions as to the types of corporations – namely, joint-stock company (“JSC” anonim şirket), limited liability company (“LLC” limited şirket), liaison office (“LO” irtibat bürosu) and branch office (“BO” şube) – and summarizes the basic differences of each in accordance with the applicable Turkish legislation to be considered through the eyes of foreign investors.