CMB Mandates English Material Event Disclosures for Public Companies

The Capital Markets Board of Turkey (CMB) has introduced a significant regulation for publicly traded companies. Under the new rule, companies listed on the stock exchange are now required to make their material event disclosures in English as well. This step aims to facilitate foreign investors' access to information and enhance market transparency. The CMB's decision is seen as part of efforts to strengthen the alignment of Turkey's capital markets with international standards. Particularly for companies listed on Borsa Istanbul, which attract significant interest from foreign investors, announcing financial reports and key developments in English is expected to reduce information asymmetry and contribute to more informed investment decisions. Under the regulation, companies will need to submit English translations of their disclosures to the Public Disclosure Platform (KAP) simultaneously with their existing Turkish statements. This practice is expected to increase international investors' interest in Turkish companies and positively impact market depth. Experts note that this step is an important move toward improving Turkey's investment environment. The English disclosure requirement is also said to enhance corporate governance quality and renew international funds' confidence in Turkey. The CMB is expected to publish additional guidelines in the coming days regarding the implementation details and transition process. This is not investment advice.