Turkey's Capital Markets Board (CMB) announced a series of measures in response to "recent developments" in the Istanbul Stock Exchange.
The CMB said it decided to ban short selling in the equity markets of Borsa Istanbul (BIST) and to relax regulations on share buybacks of public companies. Moreover, the board eased equity ratio requirements for credit capital markets transactions. The measures will kick in on March 24, 2025, and last until the closing bell on April 25, 2025.
These steps aim to "ensure the functioning and development of the capital market in a reliable, transparent, effective, stable, fair and competitive environment and to protect the rights and interests of investors," the CMB said.
