Regulatory Alerts2013-05-28
Added · Updated
Communiqué on Principles of Real Estate Investment Companies
The Capital Markets Board issued Communiqué III-48.1 to establish comprehensive regulatory principles for the establishment, conversion, and operation of Real Estate Investment Companies (REICs) in Turkey. The document mandates minimum capital thresholds, strict founder qualifications, and specific portfolio composition requirements, including distinct rules for entities managing infrastructural investments. It further governs share issuance, public offering obligations, management standards, and ongoing disclosure duties to ensure market transparency and investor protection.
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