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ARTICLE · 23 JUNE 2025

Amendments Made To The Capital Movements Circular

Moroglu Arseven
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With the amendments made to the Capital Movements Circular dated 2 May 2018 ("Circular") with the correspondence from the Ministry of Treasury and Finance of the Republic of Turkey...

TurkeyFinance and Banking
C. Hazal Baydar, LL.M.
C. Hazal Baydar, LL.M.
Eli̇f Çelebi̇
Eli̇f Çelebi̇
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With the amendments made to the Capital Movements Circular dated 2 May 2018 ("Circular") with the correspondence from the Ministry of Treasury and Finance of the Republic of Turkey, dated 12.05.2025, certain regulations concerning the financial transactions of residents in Turkey abroad and the issuance of non-cash loans have been updated.

Article 11 of the Circular maintains the freedom that allows residents in Turkey to buy and sell securities and other capital market instruments traded on foreign financial markets through banks and intermediary institutions authorized according to capital market regulations, and to carry out the fund transfers related to these transactions via banks. Additionally, an exemption has been introduced regarding the requirement for residents in Turkey to use an intermediary institution or bank for derivative transactions conducted entirely at their own discretion with foreign financial institutions. However, it has been stipulated that

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