ERDEM-NEWSLETTER-2018-metin

209 CAPITAL MARKETS LAW curate information to the public is regulated under the Communiqué on Principles of Financial Reporting in Capital Markets (II-14.1) (“Com- muniqué on Financial Reporting”). Additionally, the principles and procedures relating to disclosure to the public of information, events, and developments that may affect the value or price of securities or the investment decisions of investors, with a view to assuring the opera- tions of capital markets in a reliable, transparent, efficient, stabilized, fair and competitive atmosphere, by keeping investors informed on a timely basis, as well as completely and accurately informed, are set forth under the Communiqué on Material Events Disclosure (II- 15.1) 2 (“Communiqué on Material Events”). In order to guide the issuers and relevant parties with respect to public disclosures required under the Communiqué on Material Events, the Board has published a Guideline on Material Events. Other than the aforementioned regulations, the procedures and principles of financial reports to be drawn up by investment funds, and of the preparation and submission thereof, are regulated in the Communiqué on Principles Regarding Financial Reporting of Invest- ment Funds (II-14.2), and the procedures and principles as to public disclosure of information of publicly held corporations, the shares of which are not publicly traded, are stated under the Communiqué on Material Events Disclosure Regarding Non-Publicly Traded Corpora- tions (II-15.2). Shareholders’ rights to obtain information of a non- public joint stock company are stipulated under Turkish Commercial Code numbered 6102. Public Disclosure within the Scope of the Capital Markets Legislation Public disclosure under the capital markets legislation is divided into two, those being continuous public disclosure, and disclosure as to material events. Information that is not misleading and not required to be disclosed under the legislation would be disclosed at the discretion of the issuer. Continuous, in other words, periodic, public disclosure is comprised of the public disclosure of information that is required by 2 The Communiqué on Material Events Disclosure No. II-15.1, OG, 23.01.2014, No. 28891.