Regulatory Alerts2015-09-07
Added · Updated
Communiqué on Principles of Establishment and Activities of Investment Firms
The Capital Markets Board of Turkey issued this Communiqué to establish comprehensive principles governing the establishment, operation, and cessation of investment firms under Capital Markets Law no. 6362. The document mandates strict conditions for founders and shareholders, requiring transparent shareholding structures, minimum capital adequacy, and the absence of criminal or bankruptcy records. It further regulates operational requirements by defining organizational structures, enforcing conflict of interest policies, and setting professional competence and educational standards for key personnel.
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