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ARTICLE · 02 SEPTEMBER 2011

Leveraged Forex Transactions: The Regulatory Revolution Is On The Way

Eryurekli Law Office
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The Capital Markets Board of Turkey ("CMB"), authorized by the Omnibus Law No. 6111 for the supervision and surveillance of the leveraged forex transactions.

TurkeyFinance and Banking
Eryürekli Attorney Partnership
Eryürekli Attorney Partnership
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The Capital Markets Board of Turkey ("CMB"), authorized by the Omnibus Law No. 6111 for the supervision and surveillance of the leveraged forex transactions, has announced that it has finalized the intense work on the regulatory regime of leveraged forex transactions and sent the relevant Communiqué to the Official Gazette for publication. The Communiqué which will be in force as from 31.08.2011 will have a revolutionary effect in the market, as it will only pave way for CMB licensed Brokerage Firms and Derivatives Intermediary Institutions to act as fundamental service providers and close the door for entities currently conducting leveraged forex transactions. The Communiqué, together with other measures provided by the Capital Markets Legislation, will provide the long-awaited protective umbrella to investors dealing with those transactions.

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