ERDEM-NEWSLETTER-2018-metin

213 CAPITAL MARKETS LAW ponement of public disclosure of insider information is removed, the issuers will disclose such insider information to the public. Upon occurrence of a change in prices or trading volumes of se- curities that cannot be explained by ordinary and usual market condi- tions, the issuer is obliged to make a public disclosure, upon demand, of the relevant exchange. In the event of news or rumors about issuers having a content different from the information that has previously been disclosed to the public, or is disclosed to the public for the first time through the press and media, or by other means of communica- tion, and which may affect the value and price of securities, or the investment decisions of investors, the relevant issuer is obliged to make a public disclosure as to whether or not such news or rumors are true or adequate. • Procedure and Timing of Disclosures Disclosures are made in Turkish and in the form attached to the Communiqué on Material Events within the public disclosure plat- form (PDP). Under the legislation, PDP is defined as the electronic system to which the information required to be disclosed to the public pursuant to the legislation is transmitted through electronic signature for disclosure to the public. A disclosure obligation is performed in such a manner so as to ensure quick access to information, and not to violate the principle of equal treatment of investors. In principle, material events, other than information regarding capital and management control, should be disclosed to the public, immediately. The announcement of any change in capital and manage- ment control should be disclosed no later than the morning of the third day from the occurrence of the change. Developments and changes in the previous public disclosures of material events are continuously updated and disclosed to public. If no development occurs to an event that has previously been disclosed to public by a public disclosure of material events, and has not yet completed, it is also separately disclosed to the public, together with reasons thereof, in intervals of sixty days, each starting from the date of the last public disclosure of material events relating thereto.