Türkiye’s Capital Markets Board (CMB) extended a short selling ban, certain facilities provided for share buybacks of listed companies and the flexibility of the maintenance margin ratio in transactions on credit until the end of the session on 30 May 2025, writes Esin Attorney Partnership.
The following will apply until the end of the session on 30 May 2025:
- Short selling will not be allowed in Borsa Istanbul equity markets.
- Rules on the upper limit of the price order for buyback, rules stipulating that buyback orders cannot be given at certain time periods during the day and that no private order can be given within the buyback program, and the rule stipulating that the total value of the shares purchased under the buyback program cannot exceed the total amount of items that can be subject to dividend distribution under the CMB regulations will not apply.
- Brokerage firms can apply a minimum maintenance margin ratio of 20% for transactions on credit instead of the usual 35%.