Regulatory Alerts2014-12-26
Added · Updated
Communiqué on Principles of Real Estate Investment Companies
The Capital Markets Board of Turkey issued Communiqué III-48.1 to establish regulatory principles for the foundation, conversion, and operation of Real Estate Investment Companies (REICs). The document mandates minimum capital thresholds, strict qualification criteria for founders and partners, and specific portfolio composition rules, including distinct provisions for entities focused on infrastructural investments. It further details requirements for share issuance, public offering obligations, asset valuation, and ongoing management and disclosure standards to ensure market transparency and investor protection.
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