Topic: Financial institutions

Proprietary trading in Türkiye is less recognized compared to some other regions around the world.

The Turkish Capital Markets Board’s new amendments in the Guide on Investment regulates the principles for funds with the “participation” word in their title, on obtaining services from an advisory board for these funds.

As the legal systems worldwide struggle to keep up to pace with the rapid evolution in digital services, jurisdictions have initiated regulatory measures.

The Capital Markets Board of Türkiye published its amendments to the principles regarding Venture Capital Investment Funds.

The Capital Markets Board (CMB) unveiled a significant regulatory framework for crypto asset trading platforms.

The Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency (“Communiqué”) has been amended with the Communiqué (No: 2024-32/69) Amending the Communiqué.

The amendments introduced the Insurance and Private Pension Supervisory and Audit Authority and Board into the lexicology of the regulation.

A new communiqué introducing the possibility for non-public companies to sell shares to qualified investors through capital increases without a public offering and to be traded on the Venture Capital Market is published.

With its tech-savvy population, Turkey is no exception to the worldwide shift in customer preferences toward digital platforms.

Some of the monetary limits with respect to customer identification requirements and wire transfer limitations are increased to be effective as of February 1, 2023.