Regulatory Alerts2020-10-01
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Communiqué on Principles of Rating Activities and Rating Agencies in Capital Markets
The Capital Markets Board issued Communiqué Serial VIII, No. 51 to regulate rating activities, authorize domestic and international rating agencies, and establish operational standards in Turkey's capital markets. The document mandates that agencies maintain independence, adhere to strict ethical guidelines, and employ qualified personnel with specific educational and professional experience requirements. It further outlines procedures for authorization, rating contracts, and the conduct of both credit and corporate governance compliance ratings.
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