CMB presses the button: Access blocked for 46 websites

The Capital Markets Board (CMB) announced numerous financial transaction and sanction decisions in its weekly bulletin. While the Board approved the debt instrument issuance applications of 9 companies, it also imposed administrative fines on certain individuals and institutions. Furthermore, a process was initiated to block access to 46 websites determined to be offering unauthorized financial transaction opportunities to investors.

9 COMPANIES' DEBT INSTRUMENT ISSUANCE APPROVED

According to the CMB bulletin, applications made by various companies for the issuance of bonds and financing bills, as well as green and sustainable debt instruments, were accepted.

Within the scope of Turkish lira-denominated issuances;

7 billion lira for Tacirler Yatırım Menkul Değerler AŞ,

20 billion lira for Yapı Kredi Yatırım Menkul Değerler AŞ,

2 billion lira for Misyon Yatırım Bankası AŞ,

2 billion lira for Tat Gıda Sanayi AŞ,

1.2 billion lira for Koç Finansman AŞ,

500 million lira for Yafa Mühendislik Müşavirlik İnşaat Sanayi ve Ticaret AŞ,

305 million lira for Arzum Elektrikli Ev Aletleri Sanayi ve Ticaret AŞ,

600 million lira for Destek Yatırım Bankası AŞ

were approved for the issuance of bonds and financing bills.

Regarding foreign currency-denominated issuances, Destek Yatırım Bankası AŞ's 15 million dollar international debt instrument issuance was accepted, while Türkiye Garanti Bankası AŞ's 2 billion dollar green and sustainable bond and subordinated debt instrument issuance was also deemed appropriate.

CAPITAL INCREASE AND PERMISSION FOR NEW FUNDS

The Board responded positively to the requested private placement capital increase planned by Formet Metal ve Cam Sanayi AŞ.

Additionally, applications regarding lease certificate issuances were evaluated. Accordingly;

30 billion lira for KT Kira Sertifikaları Varlık Kiralama AŞ,

5 billion lira for KT Sukuk Varlık Kiralama AŞ,

5 billion lira for Levent Varlık Kiralama AŞ

nominal issuance ceilings were granted.

Within the scope of asset-backed security issuances, issuance ceiling applications of 2 billion lira each were accepted for TMKŞ Golden Global Bank Birinci Katılım Varlık Finansmanı Fonu and TMKŞ Fair Finansman İkinci Varlık Finansmanı Fonu.

Under new activity permits, the establishment of two new pension investment funds by HDI Fiba Emeklilik ve Hayat AŞ was authorized, and the fund shares were registered with the Board. Furthermore, the application made by Midas Menkul Değerler AŞ for public offering brokerage and investment consultancy activities was also approved.

ADMINISTRATIVE FINES IMPOSED

The CMB also announced administrative fine decisions against certain companies and individuals.

Akça Kimyevi Maddeler Nakliyat Ticaret ve Sanayi AŞ was fined a total of 709 thousand 607 lira and 92 kuruş under two separate violations due to the failure to make timely special case disclosures regarding its concordat application and news reports in the press.

As a result of an investigation into transactions carried out in the SLSEZ.V warrant market based on Sasa Polyester AŞ shares, a fine of 673 thousand 385 lira and 32 kuruş was imposed on one individual, while an administrative fine of 13 million 305 thousand 83 lira and 37 kuruş was imposed on an intermediary institution because its leveraged customer accounts consistently showed a debit balance.

ACCESS BLOCK FOR 46 WEBSITES

The Board also decided to initiate legal proceedings to block access to 46 websites determined to be facilitating unauthorized overseas leveraged trading and crypto asset buying and selling for investors in Turkey via the internet.

In addition, it was reported that action has been initiated to block access to one more website identified as conducting unauthorized activities in capital markets in order to protect the rights and interests of investors.