Regulatory Alerts2020-10-01
Added · Updated
Communiqué on Principles of Establishment and Activities of Investment Firms
The Capital Markets Board issued this Communiqué to establish the regulatory framework for the establishment, operation, and cessation of investment firms in Turkey. It mandates strict eligibility criteria for founders and shareholders, requiring minimum capital, clean legal records, and transparent ownership structures. The document further imposes rigorous operational standards, including specific organizational requirements, mandatory personnel licensing, and comprehensive policies to prevent and disclose conflicts of interest.
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