Q3-2011 Amendments to related party transactions

Communiqué Serial: IV, No: 52 Amending the Communiqué Serial: IV, No: 41 on Principles to be followed by Firms under the Capital Market Law entered into force upon publication in the Official Gazette dated 20 July 2011 and numbered 28000.

The valuation report threshold has been decreased for related party transactions. The Communiqué abolished the distinction between publicly traded companies and other public companies and the CMB can henceforth oblige both types of companies to make a valuation on the related party transactions and to make a public disclosure.

 

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