Regulatory Alerts2021-09-01
Added · Updated
Communiqué on Principles of Venture Capital Investment Funds
The Capital Markets Board issued this Communiqué to regulate the establishment, operation, and liquidation of venture capital investment funds in Turkey. It mandates that funds be managed by licensed portfolio managers, restricts unit sales to qualified investors, and requires strict segregation of fund assets from those of the founder or depositary. The regulation further outlines specific organizational requirements for founders, including investment committee composition, and establishes detailed procedures for fund approval, unit issuance, and portfolio management.
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