ERDEM-NEWSLETTER-2018-metin

208 NEWSLETTER 2018 Public Disclosure Obligation * Att. Nezihe Boran Demir Introduction Investors transact in financial markets based on information reviewed. Such investment decisions are normally accessible as per public disclosures of each respective company. Accordingly, it has a significant impact on both the investors and the capital markets instru- ments to make public disclosures at the correct time, and with accu- rate content (other than the entities that are collecting funds through crowdfunding platforms) by legal entities, who issue capital markets instruments, who apply to the Capital Markets Board (“Board”) to is- sue such instruments, or whose capital markets instruments are offered to the public and mutual funds. This Newsletter will mainly focus on the quality of the mandatory public disclosure obligations of the is- suers under the capital markets legislation, and the procedures and principles of public disclosure as a result of continuous and material events. The Legislation Applicable to the Public Disclosure Obligation As per Article 14 ( Financial Reporting and Independent Audit ) and Article 15 ( Material Events in Public Disclosure ) of Capital Mar- kets Law No. 6362 1 (“Law”), aside from the public disclosure of the continuous reporting materials, information, events and developments that may affect the value and price of capital market instruments or the investment decision of investors shall be disclosed to the public by issuers or related parties. Principles and procedures pertaining to financial reports to be prepared by entities, and the preparation and submission of them, with a view to assuring timely, adequate, and ac- * Article of August 2018 1 Capital Markets Law No. 6362, OG, 30.12.2012, No. 28513.