The European Securities and Markets Authority (ESMA) has published an opinion on Turkish laws and regulations on the minimum disclosure requirements for share prospectuses.

ESMA considers that a prospectus drawn up according to Turkish laws and regulations can constitute a valid prospectus under the Prospectus Directive (PD) for the purposes of its approval by the home competent authority of a Member State. Furthermore, ESMA considers that a wrap accompanying a Turkish prospectus for shares, is not necessary to make it equivalent with the requirements under the PD, provided that the prospectus contains financial statements in accordance with IFRS.
View ESMA assesses Turkish laws and regulations on prospectuses, 8 February 2016