Regulatory Alerts2014-12-26
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 services under Capital Markets Law no. 6362. It defines specific investment and ancillary services, categorizes intermediary institutions by authorization scope, and mandates prior Board approval for core activities like order reception, transmission, and execution. The document further details strict compliance requirements, including capital adequacy, organizational structure, and contractual obligations for firms operating domestically or with foreign institutions.
Share