Share buybacks in Turkey (January 2014 - remains relevant)
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.