Borsa Istanbul’s BIST 100 index came under significant selling pressure over three consecutive trading sessions between 15-17 September 2026. The index closed down 5.54% on 16 September, a move that triggered Borsa Istanbul’s index-linked circuit breaker, and negative momentum continued into the morning of 17 September. The sell-off was primarily triggered by a default at Pusula Portföy Yönetimi A.Ş., a portfolio management company, which failed to meet investor redemption requests from certain funds it manages in a timely manner. A similar liquidity problem emerged at Tera Portföy Yönetimi A.Ş., and this situation put pronounced pressure on the shares of both companies as well as on broader market indices.

The Turkish Capital Markets Board's new amendments in the Guide on Investment regulates the principles for funds with the "participation"...

Projeye dayalı menkul kıymetler ("PDMK") ve proje finansmanı fonlarını düzenleyen projeye dayalı menkul kıymetler tebliği.

Project based securities ("PBS"), first introduced in the amendments to the Capital Markets Law No. 6362 on February 25, 2020, are now being regulated by the Draft Communiqué...

The Capital Markets Board of Turkey (the "CMB") has amended the legislation on portfolio management business in an attempt to diversify the business line of PMCs, create an alternative distribution and marketing channel for the founders of investment funds (i.e. banks, brokerage firms and insurance companies) and increase the competition in the investment fund market.

Severance payment limit has been increased with the Circular on Financial and Social Rights dated 6 January 2026 and numbered 27998389-010.06.02-4481518...

The resource utilization support fund (RUSF) rate has been set to zero for the loans provided by the European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation...

This Legal Alert aims to set out the new role of Takasbank as a securities settlement system operator in accordance with the recent Resolution of Central Bank of the Republic of Turkey published in the Official Gazette on 18 October 2017.

The Draft Communique is open to public comments until February 4, 2019.

On 17 July 2021, the Capital Markets Board of Turkey published the communique on project bonds regulating project-based securities.

Press Release dated 26.12.2022 and numbered 2022-53 on the participation of payment and electronic money institutions in the FAST System has been published on the website ....

Under the Communiqué on the Principles Regarding Real Estate Investment Funds No. III-52.3 (the “Communiqué”), investments by REIFs and PREIFs in real estate projects are allowed within certain limits

Banking Regulation and Supervisory Agency of Turkey (the "BRSA" or the "Banking Authority") has finally cleared the way for the public offering and private placement of Turkish Lira denominated bonds and bills by deposit banks through its resolution dated 30.09.2010 and numbered 3875 (the "Resolution").

The Turkish Capital Markets Board ("CMB"), in its weekly bulletin dated 19 January 2023, announced a Principal Decision ("Decision") stipulating certain rules and requirements for the initial...

At the Presidential Cabinet Meeting held on April 12, 2022 under the Presidency of President Recep Tayyip Erdoğan, it was decided to increase the value of the real estate that must be purchased for Exceptional Turkish Citizenship.

By way of background, in January 2019, the Capital Markets Board ("CMB") had issued an announcement on its website on the Draft Communiqué on Equity Crowdfunding.

The Regulation on the Implementation of the Law on Turkish Citizenship was amended by Presidential Decision No. 106 (the "Amended Regulation").

This legal alert aims to set forth the amendments of Capital Markets Board of Turkey dated November 29, 2017 on the Communiqué on Real Estate Certificates numbered VII-128.2.

Significant amendments regarding remote identity verification and the establishment of contractual relationships in electronic environment have been introduced to the Communiqué on Remote Identity...

With the Communiqué Amending the Communique on Real Estate Investment Funds (III-52.3) ("Communiqué") published in the Official Gazette dated July 17, 2024 and numbered 32604...