Regulatory Alerts2014-12-29
Added · Updated
Communiqué on Principles of Venture Capital and Private Equity Investment Companies
The Capital Markets Board of Turkey issued this Communiqué to regulate the establishment, operation, and conversion of venture capital and private equity investment companies. It mandates minimum capital requirements, strict qualifications for founders and leading shareholders, and specific portfolio management and public disclosure obligations. The document further outlines procedures for share issuance, public offerings, and the conversion of existing joint-stock companies into regulated investment entities.
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