LEGAL RESPONSIBILITY ARISING FROM PUBLIC DISCLOSURE DOCUMENTS

In capital markets, the most influental factor in the investment decision of the inverstors and investor‟s decision-making has always been the information. The investors should be informed fully, correctly and on time before their investment on capital market instruments. For this reason, in the Capital Market Law numbered 6362, „the public disclosure principle‟ has been adopted. According to this principle, information, events and developments which may affect the value and price of capital market instruments or the investment decision of investors shall be disclosed to public through public disclosure documents. Issuers, public offerers, the leader intermediary institutions which act as intermediary during the issue, the guarantors if any, and the members of the board of directors of the issuer, those who sign public disclosure documents or legal entities who signed them on their behalves shall be responsible for the damages resulting from inaccurate, misleading or incomplete information contained in these documents. In this article, the provisions of the Capital Market Law numbered 6362 which is on the liabilities of those responsible for public disclosure in the case of damages resulting from inaccurate, misleading or incomplete information contained in public disclosure documents has been discussed.