Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Principles of Exchange Traded Funds
The Capital Markets Board issued this Communiqué to establish the foundational principles, operating rules, and public offering procedures for Exchange Traded Funds in Turkey. It mandates that funds track specific indices, defines permissible portfolio assets, and sets minimum capital thresholds for establishment and ongoing operations. The document further regulates the approval process for fund rules and prospectuses, requiring strict disclosure of tracking performance and adherence to fiduciary standards.
Topics
Share