Turkey – CMB Short Selling Prohibition

Turkey – CMB Short Selling Prohibition

On 1 March 2026, TUR CMB issued new bulletin on decisions by the board.

  • TUR CMB issued bulletin 2026/11, Dec 11/417 concerning certain measures that have been taken to limit potential effects of geopolitical tensions and conflicts.

Overview

  • Taking into account developments occurring in TUR EXC markets and within framework of art 1 Capital Markets Law 6362 (CML), based on art 128/1-(a) same Law, to ensure capital markets operate in a reliable, transparent, and stable environment and protect investors’ rights and interests, resolved (Res 2026/11) and decided the following.
  • Short selling transactions in the equity markets of TUR EXC have been prohibited from Mar. 2, 2026, until the end of the trading session on Mar. 6, 2026.
  • Investors/investment institutions be informed positions opened during day without pressing short-sale button and closed within same day also covered by this prohibition.
  • It is reminded that responsibility for monitoring and ensuring compliance with the Board’s decision lies with investment institutions.
  • Provision requiring equity maintenance ratio be at least 35% during continuation of margin trading transactions in capital market instruments may be applied flexibly.
  • Provided that it is consistent with intermediary institutions’ own risk policies and taking customer requests into account, so that minimum equity ratio may be reduced to 20% during continuation of transactions until end of the trading session on Mar. 6, 2026.
  • Special situation disclosures of companies whose capital market instruments are not traded on an exchange can be accessed here.