3. Examination and Assessment of Key Aspects of Corporate Governance for the Development of Stock Exchanges
A- Preventing Market Abuse
a- Scope and Description
Preventing market abuse should be one of the principal aims of a corporate governance…
‘Market abuse’ is an umbrella term that includes insider dealing and market manipulation,…
Insider dealing occurs when a market insider sells or buys shares of a company to make a profit or avoid a loss by counting on information about the company that has not yet become public but is nonetheless material and can affect share prices, in this way putting the insider in a better position.Market manipulation is a wider concept that includes all possible acts and behaviours…
It is very important for a country to prevent insider dealing and market manipulation…
There are different approaches for preventing insider dealing…
As for the Turkish approach to market abuse, according to art. 15/1 of CML, which…
The Communiqué on Material Events Disclosure…
However, it is important to emphasise that there should be some exceptions in order…
Rules regarding disclosure of inside information can also be found in the CGPs. According…
Principle 1.3.7 regulates disclosure rules for those individuals excluded from the…
In the CML there is another provision that regulates the obligation of investment firms and capital market institutions to notify CMB if any matter relating to insider dealing or manipulation is discovered. This provision is a new and positive regulation. Based on this provision a new Communiqué named Communiqué On Obligation Of Notification Regarding Insider Trading and Or Manipulation Crimes…
However, even where a good system is in operation for making information public,…
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