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ARTICLE · 19 JANUARY 2018

Turkey Launches Crowdfunding Legislation

Moroglu Arseven
Moroglu Arseven
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Moroglu Arseven

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Turkey has introduced a new legislative regime focused on crowdfunding. It is the first time that crowdfunding structures receive specific attention from Turkish legislators.

TurkeyCorporate/Commercial Law

Turkey has introduced a new legislative regime focused on crowdfunding. It is the first time that crowdfunding structures receive specific attention from Turkish legislators. The regime includes definitions, licensing aspects, as well as the roles of various regulators, as previously discussed here.

Notable aspects of the regime include:

  • Crowdfunding is defined as fundraising activity conducted by crowdfunding platforms according to the Capital Market Board ("Board") regulations. It involves collecting funds for a project or start-up. Despite the public offerings and fund-raising activities under Capital Market Law ("Law") being subject to investor compensation mechanisms in principle, the Law excludes crowdfunding from this principle.

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