Regulatory Alerts2020-10-01
Added · Updated
Communiqué Relating to the Principles for Securities Investment Companies
The Capital Markets Board of Turkey issued Communiqué III-48.5 to establish comprehensive regulatory principles for the establishment, operation, and management of fixed and variable capital securities investment companies. The document mandates strict eligibility criteria for founders and leading shareholders, including financial solvency requirements and clean legal records, while defining permissible portfolio assets and custody obligations. It further regulates share issuance procedures, public offering requirements, and investor disclosure standards to ensure market transparency and stability.
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