Abstract

The growth and development in the capital markets can be achieved when markets operate under a safe, sound and transparent environment. Prevention, detection and deterrence of market manipulation and insider dealing are preliminary conditions to attract more investors to, and increase the capacity of the markets. Turkish legislator has enacted a new Capital Market Act on the very last days of 2012, which replaces the Capital Market Act number 2499. This article analyses the new market abuse regime introduced by this Act, which regulates main framework of preventing and combating insider dealing and market manipulation. This article argues that the new Turkish market abuse regime recognizes developments in this field of securities law, and includes almost all necessary mechanisms and tools to deal with abusive practices in the capital markets. However, its impacts on the markets remain to be seen.

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