Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 09 NOVEMBER 2020

Sermaye Piyasası'nda Değişiklikler – Q3 2020

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Contributor
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership (BASEAK) is an Istanbul-based...

View firm profile
Explore more from Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

2020 yılının üçüncü çeyreğinde sermaye piyasalarını etkileyen önemli mevzuat değişikliklerini sizin için özetledik.

TurkeyFinance and Banking
Müfit Arapoğlu
Müfit Arapoğlu
Cenk Yılgör
Cenk Yılgör
Sena Mutlu
Sena Mutlu
Ramiz Arslan
Ramiz Arslan
Erkin Tuzcular
Erkin Tuzcular
Author LinkedIn connections

2020 yılının üçüncü çeyreğinde sermaye piyasalarını etkileyen önemli mevzuat değişikliklerini sizin için özetledik.

Temmuz ayı değişiklikleri

  • Sermaye Piyasasında Faaliyette Bulunacak Gayrimenkul Değerleme Kuruluşları Hakkında Tebliğ'de gayrimenkul değerleme kuruluşlarının bir yıl içinde dışarıdan hizmet alımı yoluyla gerçekleştirdiği değerleme faaliyetlerinden kaynaklanan hasılatlarının, toplam hasılatlarının %25'ini geçemeyeceği kararlaştırıldı.
  • Sermaye Piyasasında Faaliyette Bulunanlar İçin Lisanslama ve Sicil Tutmaya İlişkin Esaslar Hakkında Tebliğ'de yurtdışında edinilen uluslararası geçerliliğe sahip sermaye piyasası lisanslarına sahip kişilerin Türkiye'de denklik alabilme şartları başta olmak üzere çeşitli değişiklikler yapıldı.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Implementation Procedures For Investment Funds Ordered Into Liquidation

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.
TurkeyFinance and Banking
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
Article

Sweeping Changes Announced For Turkish Portfolio Management Companies

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.
TurkeyFinance and Banking
KST LAW
KST LAW
Article

Developments Concerning Liquidity Measures In The Capital Markets And The Fund Liquidation Process

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.
TurkeyFinance and Banking
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
Article

Turkish Capital Markets Board Introduces Measures On Investment Funds

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.
TurkeyFinance and Banking
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
Article

Turkiye Introduces New Age Verification And Child Protection Requirements For Social Network Providers

On 10 October 2026, the Regulation on the Provision of Differentiated Services for Children and Age Verification by Social Network Providers (the "Regulation") was published in the Official Gazette. Issued by the Cyber Security Presidency, the Regulation introduces mandatory age verification, restrictions on children's access to social networks and additional safeguards for users aged 15 to 17.
TurkeyPrivacy
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

WTO Is Reshaping Turkish Automotive Industry: What You Need To Know

In April 2024, we wrote about Turkey's newly introduced regulatory framework for electric vehicle ("EV") imports and questioned whether a regime requiring certain importers to establish their own (not through any third parties) service networks, operate a forty-person call centre and comply with additional certification and representation requirements could be reconciled with Turkey's international trade obligations1.
TurkeyInternational Law
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

New Regulatory Framework For Social Media And Digital Games In Turkey

The Act on Amendments to the Social Services Act and Certain Other Acts (Law No. 7578) (the "Act") was published in the Official Gazette on 1 May 2026, establishing a framework addressing both social media platforms and digital games in Turkey. On the social media front, the Act prohibits social network providers from offering services to children under the age of fifteen and mandates the implementation of age verification measures to enforce this prohibition.
TurkeyMedia, Telecoms, IT, Entertainment
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

Türkiye’s New Foreign-Income Exemption: A Regime For Relocating Individuals

Türkiye has introduced a new tax incentive for individuals relocating to the country. With the Law No. 7582 enacted on 4 June 2026, a new Article repeated 20/D has been inserted into the Income Tax Code, creating a long-term exemption from Turkish income tax on foreign-sourced income. The implementing rules were published in Income Tax General Communique No.333. This article sets out the key features of the regime and highlights the practical considerations.
TurkeyTax
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

The Use Of Artificial Intelligence In Legal Practice: Key Takeaways From The Union Of Turkish Bar Associations’ Guide

Generative artificial intelligence (“AI”) tools have become part of day-to-day legal practice in many jurisdictions. From summarising contracts and lengthy decisions to preparing first drafts of correspondence and supporting legal research, these tools now assist lawyers at many stages of their work. As their use becomes more widespread, the focus is increasingly shifting from whether AI should have a place in legal practice to the conditions under which it can be used consistently with lawyers’ professional obligations.
TurkeyTechnology
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

Turkish Competition Law Quarterly Bulletin: Q2 2026

Turkish Competition Authority, artificial intelligence sector inquiry, digital markets regulation, merger control guidelines, Meta Threads, Uber Getir, Coca-Cola commitments, tyre sector fines, casting sector, streaming platforms, no-poach agreements, resale price maintenance, interim measures, WhatsApp AI integration, health insurance investigation, Google online advertising, seed market, freezer cabinet practices, Mastercard Visa, settlement procedure, commitment decisions
TurkeyAntitrust/Competition Law
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Article

Turkish Competition Law In August 2026: From Sector Inquiries To Conditional Clearances And Key Investigations

Following a sector inquiry launched in December 2021 to detect structural competition concerns in the pharmaceutical sector and offer competitive solutions, the Turkish Competition Authority (“TCA”) published its Pharmaceutical Sector Inquiry Preliminary Report on 10 August 2026, opening it for public consultation. The report examines the overall outlook of the sector together with quantitative and statistical data, summarises the TCA's enforcement activities in the sector over the past ten years, and assesses the competitive structure across the full supply chain: production, market entry, and distribution.
TurkeyAntitrust/Competition Law
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership
Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership