Regulatory Alerts2020-10-01
Added · Updated
Communiqué on Principles Regarding Investment Services, Activities and Ancillary Services
The Capital Markets Board of Turkey issued this Communiqué to establish the authorization principles and operational rules for investment firms providing regulated services. It mandates that firms obtain specific Board authorization for core activities such as order reception, execution, and portfolio management, while ancillary services require only notification. The document further defines eligibility criteria, capital requirements, and conduct principles for intermediaries, including restrictions on cross-border transactions and leveraged trading.
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