The Istanbul Financial Center Regulation entered into force through its publication in the Official Gazette on 7 July 2023. The Regulation includes the details reserved for secondary regulations under the Istanbul Finance Center Law, especially the details regarding the conditions and processes for the participation certificate to be issued to entities that may operate in the Istanbul Financial Center.
The Banking Regulatory and Supervisory Authority (BRSA) has taken a new measure regarding the COVID- 19 outbreak in its decision dated 16 April 2020 and no. 8999.
As part of its fight against money laundering and financing terrorist acts and organizations, the Ministry of Finance issued the Regulation on Suspension of Suspicious Transactions
The Turkish Capital Markets Board (the “CMB”) recently initiated criminal proceedings under Article 109/2 of the Capital Markets Law (the “CML”) against a foreign individual for the unauthorized marketing of derivatives in Turkey. This is the first such prosecution since clarification of the rules this past July. The offering of…