NEWSLETTER-2017

218 NEWSLETTER 2017 As for the form of the notification to be made, the Communiqué stipulates that the disclosures by the issuers whose capital market instruments are traded at the exchange, and the fund users of lease certificates, which are traded at the exchange, shall be made through the use of the forms in the Public Disclosure Platform (“PDP ” ). For issuers whose shares are not traded at the exchange, and the fund-users whose lease certificates are not traded at the exchange, such obligation shall be fulfilled through submission of the relevant explanation to the Board. With an article added to the Communiqué with respect to the scope of the disclosure, it is stipulated that in order to efficiently conclude public disclosure practices, the required procedures shall be determined by the board of directors of the issuer. Moreover, the Communiqué requires the disclosures of material events to be made by the issuers, whose capital markets instruments are not traded at the exchange, are to be announced on their web site, at the latest, within five business days following the disclosure, provided that the issuer has a web site, and that such disclosure shall be retained on this web- site for five years. If such issuers have more than one web site, the material events are mandatorily announced in the recorded web site, and voluntarily on other web sites. Conclusion The Communiqué Amending the Communiqué on Disclosure of Material Events brings novelties with respect to the scope and form of the disclosures, as well as to the persons whom will be under the ob- ligation to disclose, and the disclosure of transactions by the principal shareholder.