Regulatory Alerts2014-07-24
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 and restricts sales exclusively to qualified investors through approved information documents. The regulation further defines asset segregation requirements, founder responsibilities, and specific procedures for fund unit issuance and redemption.
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