SPK Introduces New Limits on Off-Exchange Share Sales: 2% and 4% Thresholds

The Capital Markets Board (SPK) has introduced new restrictions on off-exchange share sales. According to the 31 August 2026 regulatory decision, thresholds of 2% and 4% have been defined for certain transactions. This regulation aims to enhance risk management in off-exchange operations.

Key Considerations for Investors - 2% and 4% Thresholds: Companies cannot exceed these percentages when conducting off-exchange sales.

■Investment Funds and Partnerships: This regulation will particularly impact investment funds and private partnerships that rely heavily on off-exchange transactions.

■Institutional Investors: Large institutional investors will need to adopt a more disciplined sales strategy.

Market Implications - Off-Exchange Transactions: This regulation could lead to a decrease in off-exchange trading volume.

■Corporate Financial Flexibility: Investors should carefully assess companies' off-exchange sales.

■Investment Strategies: Long-term investors may need to adjust their portfolios in light of these regulations.

Markets are likely to respond with more cautious risk management, especially with reduced off-exchange trading volume. In the long term, this could provide clearer signals about corporate financial health.