Regulatory Alerts2021-09-01
Added · Updated
Regulation on Principles Regarding Establishment and Activities of Pension Funds
The Capital Markets Board issued this regulation to establish the legal framework for the foundation, organization, and operational activities of private pension funds in Turkey. It mandates that companies establish at least three distinct funds, defines permissible investment instruments, and requires the appointment of independent fund committees and custodians to manage assets. The document further stipulates strict internal control, risk management, and public disclosure procedures to ensure fiduciary responsibility and protect participant interests.
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