Regulatory Alerts2014-07-24
Added · Updated
Communiqué on Principles of Performance Presentation and Performance-Based Remuneration for Individual Portfolios and Collective Investment Schemes
The Capital Markets Board of Turkey issued this Communiqué to establish regulatory principles for the performance presentation, performance-based remuneration, and grading of collective investment schemes and individual portfolios. It mandates specific calculation methods for returns and benchmarks, requires the use of high water marks for performance fees, and sets strict standards for public disclosure and advertising to prevent misleading investors. Additionally, it regulates third-party grading activities by prohibiting fees from fund portfolios and ensuring independent assessment criteria.
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