Regulatory Alerts2020-10-01
Added · Updated
Communiqué on Principles Regarding Mortgage Finance Companies
The Capital Markets Board issued this Communiqué to establish the regulatory framework for the establishment, operation, and management of Mortgage Finance Companies in Turkey. It mandates specific capital requirements, founder qualifications, and organizational structures, while requiring prior Board consent for share transfers and articles of association amendments. The document further stipulates strict professional standards for management personnel and enforces rigorous internal control, risk management, and confidentiality protocols.
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