{"id":1314,"date":"2026-08-28T22:04:15","date_gmt":"2026-08-28T19:04:15","guid":{"rendered":"https:\/\/www.tayfnews.tech\/tr\/?p=1314"},"modified":"2026-08-28T22:04:15","modified_gmt":"2026-08-28T19:04:15","slug":"kural-3a12-8-sec-ab-borc-yukumluluklerini-eklemeyi-oneriyor","status":"publish","type":"post","link":"https:\/\/www.tayfnews.tech\/tr\/economy\/kural-3a12-8-sec-ab-borc-yukumluluklerini-eklemeyi-oneriyor\/","title":{"rendered":"Kural 3a12-8: SEC, AB Bor\u00e7 Y\u00fck\u00fcml\u00fcl\u00fcklerini Eklemeyi \u00d6neriyor"},"content":{"rendered":"<p>Amerika Birle\u015fik Devletleri Menkul K\u0131ymetler ve Borsa Komisyonu (SEC), 1934 tarihli Menkul K\u0131ymetler Borsas\u0131 Kanunu kapsam\u0131ndaki <strong>Kural 3a12-8<\/strong>&#8216;de bir g\u00fcncelleme yap\u0131lmas\u0131na y\u00f6nelik d\u00fczenleyici bir teklifi resmi olarak sundu. Bu d\u00fczenleme ad\u0131m\u0131 kapsam\u0131nda finansal denet\u00e7i, Avrupa Birli\u011fi taraf\u0131ndan ihra\u00e7 edilen bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerini, belirlenen yabanc\u0131 devlet bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerinin mevcut \u00e7er\u00e7evesine dahil etmeyi ve bunlar\u0131 kural kapsam\u0131nda belirtilen \u00f6zel muaf stat\u00fc alt\u0131nda s\u0131n\u0131fland\u0131rmay\u0131 ama\u00e7l\u0131yor.<\/p>\n<h2>Borsa Kanunu Kural 3a12-8 ve D\u00fczenleyici \u00c7er\u00e7eveleri Anlamak<\/h2>\n<p>Bu d\u00fczenleme ad\u0131m\u0131n\u0131n \u00f6nemini kavrayabilmek i\u00e7in, yabanc\u0131 egemen ve uluslar\u00fcst\u00fc bor\u00e7lar\u0131n Amerika Birle\u015fik Devletleri menkul k\u0131ymetler yasalar\u0131 alt\u0131nda nas\u0131l ele al\u0131nd\u0131\u011f\u0131n\u0131 incelemek esast\u0131r. Kural 3a12-8, belirli yabanc\u0131 devlet menkul k\u0131ymetlerini Kanun&#8217;un belirli h\u00fck\u00fcmlerinden muaf tutarak bunlar\u0131n ticaretini kolayla\u015ft\u0131rmak amac\u0131yla orijinal olarak olu\u015fturulmu\u015ftur. Belirli yabanc\u0131 bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerinin muaf menkul k\u0131ymetler olarak belirlenmesiyle birlikte, s\u0131n\u0131r \u00f6tesi finansal faaliyetlerde bulunan piyasa kat\u0131l\u0131mc\u0131lar\u0131 i\u00e7in d\u00fczenleyici ortam daha da kolayla\u015ft\u0131r\u0131lmaktad\u0131r.<\/p>\n<p>En son teklif, bu \u00f6zel muafiyetleri kolektif bir varl\u0131k olarak Avrupa Birli\u011fi taraf\u0131ndan desteklenen bor\u00e7lanma ara\u00e7lar\u0131na geni\u015fletmeyi ama\u00e7lamaktad\u0131r. Bu uyarlama, k\u00fcresel bor\u00e7 piyasalar\u0131n\u0131n evrilen do\u011fas\u0131n\u0131 ve uluslararas\u0131 finans sahnesindeki uluslar\u00fcst\u00fc ihra\u00e7lar\u0131n giderek artan \u00f6nemini yans\u0131tmaktad\u0131r. Piyasa kat\u0131l\u0131mc\u0131lar\u0131 ve kurumsal yat\u0131r\u0131mc\u0131lar bu d\u00fczenleme de\u011fi\u015fikliklerini yak\u0131ndan takip etmektedir \u00e7\u00fcnk\u00fc bunlar; uyumluluk y\u00fck\u00fcml\u00fcl\u00fcklerini, likidite y\u00f6netimini ve ABD piyasalar\u0131 i\u00e7indeki yabanc\u0131 egemen ve yar\u0131 egemen bor\u00e7 \u00fcr\u00fcnleri ticaretinin operasyonel kapsam\u0131n\u0131 do\u011frudan etkilemektedir.<\/p>\n<h2>\u00d6nerilen De\u011fi\u015fikliklerin Temel Hedefleri<\/h2>\n<ul>\n<li><strong>Kapsam\u0131n Geni\u015fletilmesi:<\/strong> Avrupa Birli\u011fi bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerinin, Kural 3a12-8 kapsam\u0131nda yer alan yabanc\u0131 devlet bor\u00e7lar\u0131 listesine a\u00e7\u0131k\u00e7a eklenmesi.<\/li>\n<li><strong>D\u00fczenleyici Uyum:<\/strong> 1934 tarihli Menkul K\u0131ymetler Borsas\u0131 Kanunu&#8217;nun, modern uluslararas\u0131 finansal yap\u0131lar\u0131 ve uluslar\u00fcst\u00fc bor\u00e7lanma varl\u0131klar\u0131n\u0131 yans\u0131tacak \u015fekilde g\u00fcncellenmesi.<\/li>\n<li><strong>Piyasa Kolayl\u0131\u011f\u0131:<\/strong> Avrupa egemen ve kurumsal bor\u00e7 ara\u00e7lar\u0131yla i\u015flem yapan finans kurulu\u015flar\u0131 i\u00e7in d\u00fczenleyici netlik ve tutarl\u0131l\u0131k sa\u011flanmas\u0131.<\/li>\n<\/ul>\n<p>Kural yap\u0131m s\u00fcreci ilerledik\u00e7e d\u00fczenleme metni standart idari inceleme prosed\u00fcrlerinden ge\u00e7mekte ve payda\u015flar\u0131n \u00f6nerilen de\u011fi\u015fikliklerin operasyonel sonu\u00e7lar\u0131n\u0131 de\u011ferlendirmesine olanak tan\u0131maktad\u0131r. AB bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerinin dahil edilmesi, d\u00fczenleyici kurumlar\u0131n birbirine ba\u011fl\u0131 k\u00fcresel finansal sistemlere uyum sa\u011flamak i\u00e7in yerel piyasa kurallar\u0131n\u0131 nas\u0131l adapte etti\u011finde bir di\u011fer dikkat \u00e7ekici g\u00fcncellemeyi i\u015faret etmektedir.<\/p>\n<p><em>Kaynak: <a href=\"https:\/\/www.sec.gov\/newsroom\/press-releases\/2026-79-sec-proposes-amendments-exchange-act-rule-3a12-8-add-european-union-debt-obligations\" target=\"_blank\" rel=\"noopener noreferrer\">Orijinal Makale<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SEC&#8217;in, Avrupa Birli\u011fi bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerini muaf yabanc\u0131 devlet borcu olarak tan\u0131yan Kural 3a12-8 de\u011fi\u015fiklik teklifini ke\u015ffedin.<\/p>\n","protected":false},"author":1,"featured_media":1313,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowrrDMDA:productID":"","tayfnews_source_url":"","footnotes":"","rank_math_focus_keyword":"Kural 3a12-8, SEC \u00f6nerilen de\u011fi\u015fiklikler, Avrupa Birli\u011fi borcu, Menkul k\u0131ymetler, D\u00fczenleme, Ekonomi","rank_math_title":"Kural 3a12-8: SEC, AB Bor\u00e7 Y\u00fck\u00fcml\u00fcl\u00fcklerini Eklemeyi \u00d6neriyor","rank_math_description":"SEC'in, Avrupa Birli\u011fi bor\u00e7 y\u00fck\u00fcml\u00fcl\u00fcklerini muaf yabanc\u0131 devlet borcu olarak tan\u0131yan Kural 3a12-8 de\u011fi\u015fiklik teklifini ke\u015ffedin."},"categories":[9],"tags":[],"class_list":["post-1314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/posts\/1314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/comments?post=1314"}],"version-history":[{"count":1,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/posts\/1314\/revisions"}],"predecessor-version":[{"id":1315,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/posts\/1314\/revisions\/1315"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/media\/1313"}],"wp:attachment":[{"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/media?parent=1314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/categories?post=1314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tayfnews.tech\/tr\/wp-json\/wp\/v2\/tags?post=1314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}