New Shareholding Notification Threshold The SPK, with the regulation coming into force on September 9, 2026, lowered the shareholding notification threshold for companies listed on Borsa Istanbul to 3%.
The threshold requires real and legal persons holding shares in the company's capital to update their holdings immediately.
Individuals or entities holding 10% or more indirectly will also be included.
This aims to give investors and market participants a clearer view of the actual control structure of companies.
Redefinition of Actual Circulating Shares (FDP) The definition of Actual Circulating Shares (FDP) has been redefined as a concept that indicates the degree of public disclosure.
The SPK will calculate the ratio by dividing the number of traceable actual circulating shares by the total number of shares and disclose this ratio to the public.
Management and Notification Obligations Starting September 11, 2026, the SPK will calculate the number and ratio of actual circulating shares daily and disclose them to the public.
Additionally, all companies listed on Borsa Istanbul will be required to report the identity and title information of real and legal persons meeting the actual circulation criteria to the SPK on the first business day of each month.
These regulations aim to increase market transparency and strengthen investor protection.
SPK Announces New Era for Borsa Istanbul: Shareholding and Actual Circulation Rules Changed
The SPK has lowered the shareholding notification threshold for companies listed on Borsa Istanbul to 3% and redefined the concept of actual circulating shares (FDP), aiming to enhance market transparency and investor protection.
Sources
- Para Analiz · baglanti