Regulatory Alerts2014-06-25
Added · Updated
Communiqué on Principles Regarding Financial Reporting of Investment Funds
The Capital Markets Board issued this Communiqué to establish the procedures and principles for the preparation, valuation, and submission of financial reports by investment funds in Turkey. It mandates that funds prepare annual financial statements and daily price reports based on Turkish Accounting Standards, with specific valuation rules for portfolio assets and strict liability requirements for founders and directors. The document further regulates the public disclosure of these reports via the Public Disclosure Platform, sets timelines for submission to investors and the Board, and defines special provisions for umbrella, real estate, and venture capital funds.
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