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CAPITAL MARKETS LAW
211
Capital Markets Crimes
Articles 106-108 of the Law cover abuse of information (insider
trading) and market fraud (manipulation), and the circumstances that do
not fall within the scope of these crimes are indicated separately.
With regards to market fraud, provisions regarding active regret have
been added to the Law. A reduction in the sanctions may be granted by
the CMB if an amount equal to twice the benefit is paid to the Treasury.
Conclusion
The Law has introduced significant regulations in accordance with
the new laws and necessities of the new age; and has been structured in
line with the long term experiences. The secondary legislation should be
issued immediately to complement the Law. We are of the opinion that
the Law, will be understood more efficiently in practice and with the help
of secondary legislation.