New Regulation on Repo and Reverse Repo Transactions from the Capital Markets Board
With the regulatory amendment published in the Official Gazette, the validity conditions for transactions without central clearing service in the Borsa Repo and Reverse Repo Market have been redefined.
The Regulation on Amending the Principles Regarding Borsa Istanbul A.Ş.'s Exchange Activities, prepared by the Capital Markets Board, has been published in the Official Gazette and entered into force.
Decision Published in the Official Gazette
The new regulation prepared by the Capital Markets Board was announced to the public through the Official Gazette and gained validity.
Validity Conditions of Transactions
With the new regulation, the procedures and principles regarding the validity of transactions lacking central clearing service in the Borsa Repo and Reverse Repo Market have been clarified.
Duration and Blocking Criteria
In the event that the securities subject to the transaction are not reported by the time determined by Takasbank on the transaction day or are not blocked in the relevant account on behalf of the fund, such transactions shall be deemed invalid.
Direct Cancellation Mechanism
If the specified conditions are not met, the relevant transactions will be directly cancelled by Borsa Istanbul upon the notification to be made by Takasbank.