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ARTICLE · 06 APRIL 2022

Recent Developments In Turkish Capital Markets – March 2022

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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In this monthly bulletin, we have summarized a specific piece of capital markets legislation for you: Turkish Crowdfunding Communiqué.

TurkeyCorporate/Commercial Law
Gen & Temizer Ozer Law Firm
Gen & Temizer Ozer Law Firm
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In this monthly bulletin, we have summarized a specific piece of capital markets legislation for you: Turkish Crowdfunding Communiqué.

Turkish Crowdfunding Communiqué

Communiqué No. III – 35/A.2 ("the Crowdfunding Communiqué") published by Turkey's Capital Markets Board ("CMB") makes it possible for an entrepreneur or venture capital company to be funded by raising money from the public through platforms allowed by the CMB. The Crowdfunding Communiqué includes the general principles of crowdfunding and also determines the criteria that platforms and venture capital companies should meet.

According to the Crowdfunding Communiqué, crowdfunding can be conducted in two ways: equity-based crowdfunding and debt-based crowdfunding. Companies that are prevented from raising funds through crowdfunding are also included in the communiqué.

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