E-Application” Period In Capital Markets Board Applications – Debt Capital Markets

With its announcement dated 5 February 2024, the Capital Markets
Board (“Board”) announced to the public that capital
market institutions, organisations and partnerships will be able to
make their applications more quickly and effectively through the
e-Application System.

Now, pursuant to the Board’s Resolution dated 28/03/2024 and
numbered 18/470, as of 15.04.2024, the
applications that will be made to the
Board by issuers, institutions and organisations
which subject to MERSIS and falling within the scope
of duty of the Partnerships Financing
Department shall be made electronically through the
e-Application System.

Also, in case of compelling circumstances arising from the
situations as fire, natural disasters, state of war, terrorist
incidents, other developments that may significantly affect the
continuation of the activities, unavoidable technical failures in
the general network connection, failure of the information
processing systems of the parties to be notified due to reasons
that cannot be attributed to them and such situations that listed
in subparagraph (m) of Article 3 of the Communique on Public
Disclosure Platform numbered VII-128.6 or in case the officials of
the applicant company, institution or organisation do not have an
electronic signature, such applications may also be made physically
with wet signature. But, in any case, the officials of the
companies, institutions and organisations who wish to make an
application are obliged to obtain an electronic signature and to
inform the Board that they have obtained an electronic signature
before the application is finalised.

Matters to take be considered of in e-Application
Processes:

1. First Step (identity
   control):e-Application service will be accessed
   through e-Government (e-Devlet) platform by
   identity verification.
   
    




2. Second Step (authorisation
   control): The authorisation control of the
   company is made via MERSIS. The company/ies that the user, who
   wants to submit an application, is authorised to submit an
   application will be listed automatically and the company to be
   submitted will be selected and the application will be proceeded by
   selecting the company.
   
    




3. Final Step (e-signature):Signing with
   an electronic signature is required at the final stage of the
   application through the e-Application system. If the application
   document needs to be signed by more than one person or party, the
   pdf version of the document, signed by all interested parties with
   e-signature or the scanned wet-signed version of the document must
   be submitted to the system.
   
    




4. Review Step: Changes in the
   information and documents to be requested during the examination
   phase will be notified to the applicant by e-mail (to the e-mail
   address in the relevant persons section of the application). The
   requests of the Board will be able to be seen, the messages will be
   able to be sent and the new requested document will be able to be
   submitted via the e-Application system.
   
    




5. Status
   Tracking: The status of the
   application can be followed through the e-Application system.

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

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