CMB Adopts New Principle Decision on Off-Exchange Share Sales

The Capital Markets Board (CMB) has introduced a significant regulation regarding the off-exchange sale of shares or voting rights of publicly held companies. The Board has published a new principle decision that sets out the ratios and conditions applicable to such sales, based on the actual free-float ratio. According to the announcement, the decision aims to clarify the rules to be applied in processes where company shares or voting rights change hands outside the stock exchange. The regulation defines the conditions that will apply, particularly when the actual free-float ratio is at certain levels. This step by the CMB is seen as part of efforts to increase transparency in capital markets and strengthen investor protection. The new principle decision seeks to eliminate uncertainties in off-exchange transactions and ensure market discipline. Experts note that the regulation will provide a more predictable framework, especially in changes to the ownership structure of publicly held companies. The details of the decision, along with the CMB's official announcements, are being closely followed by investors and companies. This is not investment advice.