Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Principles of Investment Funds
The Capital Markets Board of Turkey issued this Communiqué to establish the foundational principles, operational rules, and public disclosure requirements for investment funds. It defines umbrella funds, categorizes specific fund types such as debt, share, and money market funds, and mandates the segregation of fund assets from those of the founder and custodian. The document further regulates the foundation process, unit issuance procedures, and the preparation of mandatory information documents including prospectuses and key investor information sheets.
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