Share buybacks in Turkey (January 2014 - remains relevant)

Client Briefing

The Capital Markets Board ("CMB") issued the Communiqué on Share Buybacks (the “Communiqué”) on 3 January 2014. The Communiqué regulates the procedures and principles for public companies' purchase of their own shares or acceptance of the pledges established over their shares. Share buybacks were previously regulated under CMB resolutions but is now regulated under secondary legislation.


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