Public Disclosure Platform (KAP)

The Public Disclosure Platform (KAP) is an electronic platform in Turkey that facilitates the disclosure of information by companies operating in the country. It is regulated by the Capital Markets Board (CMB) and serves as a central repository for companies to publicly share important information with investors and other stakeholders.

The main purpose of KAP is to ensure transparency and equal access to information for all market participants. It requires companies to disclose financial statements, annual reports, material events, shareholding structures, and other relevant information in a timely and standardized manner. This allows investors to make informed decisions based on accurate and up-to-date information.

KAP operates as an online database where companies upload their disclosures in accordance with the regulations set by the CMB. These disclosures are made available to the public, including investors, analysts, regulators, and the general public. The platform ensures that all market participants have equal access to the disclosed information, promoting transparency and fair market practices.

Companies listed on the Borsa Istanbul (BIST) and other exchanges, as well as companies whose securities are publicly traded, are required to use KAP for their mandatory disclosures. These disclosures include financial statements, quarterly reports, material events such as mergers, acquisitions, changes in management, and other events that may have a significant impact on the company’s operations or share price.

KAP provides a searchable database where users can access and review the disclosed information. The platform also offers various tools and filters to help users navigate through the vast amount of data available. Users can search for specific companies, review historical disclosures, and set up alerts to receive notifications when new disclosures are made.

Overall, the Public Disclosure Platform (KAP) plays a crucial role in promoting transparency, investor protection, and fair market practices in Turkey. It ensures that companies provide accurate and timely information to the public, allowing investors to make informed decisions and contributing to the overall integrity of the capital markets.