Turkey: Rights trading no longer possible via Clearstream or its local sub-custodian
Clearstream Banking 1 wishes to inform its customers that effective
Clearstream can no longer accept customer instructions to execute sales or purchases of rights via its local sub-custodian. This is detailed in Article 60-(3) of Communiqué III-37.1 of the Capital Markets Law.
Impact on customers
MT564 Corporate Action Notification messages for rights issues will no longer include the sale option.
Customers must instruct sales or purchases of rights via an international broker with a link to a local Turkish broker, or directly with a local Turkish broker.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.