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Glossary · Capital Markets

What is Authorised capital system?

A system under which the board may increase capital up to a ceiling set in the articles of association without a general assembly resolution.

Listed companies and, with CMB approval, some non-listed companies can use the system. The ceiling is authorised for a fixed period and must be renewed when it expires.

Source: 6362 sayılı SPKn m. 18, SPK Kayıtlı Sermaye Sistemi Tebliği

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Last updated: October 31, 2026 · This definition is for general information only.

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