Capital Markets Legislation – Amendment to Reporting on Corporate Governance Compliance

Pursuant to the Capital Markets Board (the “CMB”) Decision dated 10 January 2019 and numbered 2/49, it has been decided that “Reporting on Compliance with Corporate Governance,” previously made through “the Communiqué on Corporate Governance Principles II-17.1” (the “Communiqué”), should now be made by means of the “Corporate Governance Compliance Report” (CRF or “URF” in Turkish) and the “Corporate Governance Information Form” (CGIF or “KYBF” in Turkish).

Pursuant to the Capital Markets Board (the “CMB”) Decision dated 10 January 2019 and numbered 2/49, it has been decided that “Reporting on Compliance with Corporate Governance,” previously made through “the Communiqué on Corporate Governance Principles II-17.1” (the “Communiqué”), should now be made by means of the “Corporate Governance Compliance Report” (CRF or “URF” in Turkish) and the “Corporate Governance Information Form” (CGIF or “KYBF” in Turkish). The format of the Corporate Governance Principles Compliance Report, previously announced by the CMB under the annexes of its decision dated 27 January 2014 and numbered 2/35, was abolished on 10 January 2019, but the CMB offers flexibility to affected companies by allowing them to prepare these reports in accordance with the old requirements for the year 2018 as part of the transition process.

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