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Capital Markets Law

A New Era in the Liquidation of Investment Funds

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Yasemin Kocasakal
Law No. 7596 on Certain Investment Funds Ordered to Be Liquidated (the “Law”), published in Official Gazette No. 33413 on 27 October 2026, entered into force with effect from 17 September 2026. On the same day, the Capital Markets Board of Türkiye (“CMB”) published Decision No. 76/1903 in Bulletin…
October 28, 2026
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Capital Markets Law

Yatırım Fonlarının Tasfiyesinde Yeni Dönem

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Yasemin Kocasakal
27 Ekim 2026 tarihli ve 33413 sayılı Resmî Gazete’de yayımlanan 7596 sayılı Tasfiyesine Karar Verilen Bazı Yatırım Fonları Hakkında Kanun (“Kanun”), 17 Eylül 2026’dan geçerli olmak üzere yürürlüğe girdi. Aynı gün Sermaye Piyasası Kurulu (“SPK”), 2026/76 sayılı Bülten’de yayımladığı 76/1903 sayılı…
October 28, 2026
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Capital Markets Law

CMB Sets Out Principles for Refund Applications Concerning Time-Barred Assets and Receivables Where Electronic Submission Is Not Possible

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Zeynep Uçar
The Capital Markets Board (“CMB”), through a Principle Decision (“Principle Decision”), published on 20 October 2026, set out the principles governing refund applications that cannot be submitted electronically through e-Devlet for time-barred assets and receivables transferred to the Investor Compensation Centre (“ICC”).
October 22, 2026
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Capital Markets Law

SPK’dan Zamanaşımına Uğramış Emanet ve Alacakların İadesinde Elektronik Ortamda Yapılamayan Başvurulara İlişkin Esaslar

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Zeynep Uçar
Sermaye Piyasası Kurulu (“SPK”), 20 Ekim 2026 tarihinde yayımlanan İlke Kararı (“İlke Kararı”) ile zamanaşımına uğrayarak Yatırımcı Tazmin Merkezi (“YTM”) uhdesine aktarılan emanet ve alacakların iadesinde e-Devlet üzerinden elektronik ortamda yapılamayan başvurulara ilişkin esasları belirledi.
October 22, 2026
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Capital Markets Law

Capital Markets Board Published Two New Guides on Green, Sustainable and Social Capital Market Instruments

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Serra Nur Kaya Pekkanlı
By Principle Decision No. 49/1500, dated 13 August 2026 and numbered i-SPK 128.29 (the "Principle Decision”), issued by the Board of the Capital Markets Board (the “Board”) pursuant to Articles 1 and 128/1(e) of Capital Markets Law No. 6362 (the “Law”), the Board has adopted the “Guide on Green,…
August 18, 2026
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Capital Markets Law

Sermaye Piyasası Kurulu Yeşil, Sürdürülebilir ve Sosyal Sermaye Piyasası Araçlarına İlişkin İki Yeni Rehber Yayımladı

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Serra Nur Kaya Pekkanlı
Sermaye Piyasası Kurulu (“Kurul”) Karar Organı'nın 13 Ağustos 2026 tarihli ve 49/1500 sayılı i-SPK 128.29 sayılı İlke Kararı (“İlke Kararı”) ile, 6362 sayılı Sermaye Piyasası Kanunu'nun (“Kanun”) 1. ve 128/1. (e) maddeleri uyarınca, Kurulun daha önce i-SPK 128.18 (24.02.2022 tarih ve 10/296 s.k.)…
August 18, 2026
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Capital Markets Law

Listing thresholds and IPO conditions are Increased

Senem Gölge Yalçın, Galya Kohen Benbanaste
Capital Markets Board (“CMB”) has increased the financial conditions for initial public offerings, based on the re-evaluation ratio, with its Decision dated 26 December 2024 and numbered 66/2058, announced in…
January 14, 2025
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Capital Markets Law

Proprietary Trading in Turkey

Dr. Ceylan Necipoğlu, LL.M. , CIPP/E, Yasemin Kocasakal, Selin Orkun
Proprietary trading (“prop trading”) is where a firm invests its own funds for profit rather than using a client’s money. The primary aim of prop trading is profit rather than…
December 17, 2024
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