Enhanced Measures On Politically Exposed Persons

The Capital Movements Circular ("Circular") has been amended with the letter of Ministry of Treasury and Finance of Republic of Turkey numbered 940051.

Mersis is an electronic trade registry, which is highly popular and a significant e-portal for attorneys and companies.

Turkey has moved from a largely unregulated crypto market to one of the more tightly supervised regimes in the region. For foreign investors, exchanges, and businesses holding digital assets with a Turkish nexus, understanding the current framework is no longer optional.

The information relating to Turkiye is provided for background purposes only. The information presented herein has been extracted from and is presented on the authority of various public official documents and private publications.

With its decision No. 57/1708 dated 17.09.2026, the Capital Markets Board (the “CMB”) set out the liquidation procedures for the 131 investment funds established by Tera, A1 Capital, Atlas, Bulls, Hedef, Pardus and Pusula Portföy Yönetimi, whose liquidation had been ordered under its previous decision, and updated the relevant list of funds in the same decision.

This article examines the legal and practical framework for opening and operating a Turkish bank account as a foreign national or foreign-owned business. It distinguishes statutory customer-identification and anti-money-laundering duties from each bank's own customer-acceptance policy. The discussion addresses passports,

SPK, halka açık olmayan ortaklıkların halka arz başvurularını ilan edilen sıradan bağımsız olarak önceliklendirmek üzere üç alternatif kriter belirledi

The Capital Markets Board of Türkiye has introduced comprehensive regulatory reforms affecting hedge funds and portfolio management companies, implementing new investment diversification requirements, graduated ownership caps based on free-float ratios, enhanced capital adequacy standards, and stricter personnel qualifications. These changes, effective from August 2026, establish tiered compliance deadlines and fundamentally reshape the operational framework for Turkish portfolio managers.

On 16 September 2026, the money market funds founded by Pusula Portföy Yönetimi A.Ş. defaulted after failing to meet the cash redemption requests received from investors, triggering a sharp sell off on Borsa Istanbul. The BIST 100 index lost 5.54% that same day and hit a circuit breaker; the selling soon spread to Tera Portföy funds as well. It became apparent that the problem was not confined to those two firms but also extended to Hedef, Atlas, A1 Capital, Pardus and Bulls Portföy.

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.

On 12 March 2024, the amendments to the Personal Data Protection Law No. 6698 ("KVKK" or "Turkish PDPL") has been published in the Official Gazette.

This is the third article of our comprehensive review of the European Union Markets in Crypto-Assets Regulation ("MiCA"), a crucial regulatory development in the crypto-assets industry.

This is the second article of our detailed examination on the European Union's Markets in Crypto-Assets Regulation ("MiCA"), the most comprehensive regulatory action in the crypto-assets industry.

The transfer of personal data between the European Union ("EU") and the United States ("US") has long been a topic of concern, which involves efforts to strike a balance between data flow facilitation and privacy protection.

The Financial Crimes Investigation Board ("MASAK") has amended the Regulation on Measures to Prevent Money Laundering and Financing of Terrorism as published in the Official Gazette dated 1 May 2021...

The rise of crypto assets and the inception of NFTs popularized a new genre in the gaming industry. Play-to-earn games utilize tokens in blockchain networks in their game dynamics.

European Parliament has finally passed the long debated and much anticipated MiCA, the comprehensive crypto assets and markets legislation on 20.04.2023.

Turkish Personal Data Protection Board ("Board") has published a pivotal decision ("Decision" or "Decision numbered 2023/570")...

The Presidential Annual Program for 2023 ("Program") was published in the Official Gazette on 25 October 2022. The Program aims to determine Turkey's goals and policies for the year 2023.

Tokenization of real estate is the new hype and a thriving business model with its lucrative opportunities for both the issuers and investors.