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The European Securities and Markets Authority (ESMA) has reviewed Turkish legislation governing prospectus disclosure requirements and concludes that a prospectus drawn up against Turkish requirements can constitute a valid prospectus under the Prospectus Directive for the purposes of its approval by the home competent authority of a Member State.
This Opinion should be read in conjunction with ESMA’s opinion on the Framework for the assessment of third country prospectuses under Article 20 of the Prospectus Directive.
