Turkey's Capital Markets Board imposes sanctions on investment firms

Capital Markets Board SPK investment firms regulatory sanctions Turkey

The Capital Markets Board (SPK) of Turkey has issued several regulatory actions against various financial institutions. The board temporarily suspended the capital market activities of Alnus Yatırım, Bulls Yatırım, and Pusula Yatırım Menkul Değerler AŞ, effective October 21, 2026.

In a separate enforcement action, the SPK froze the voting rights of Tera Yatırım Holding AŞ and its related entities, including Tera Yatırım Menkul Değerler and Tera Portföy Yönetimi, due to a failure to fulfill mandatory tender offer obligations following its acquisition of management control in Peker Gayrimenkul Yatırım Ortaklığı AŞ. Additionally, the board imposed trading restrictions on the specific shares held by these Tera entities.

Other regulatory measures include an administrative fine of 354,803 Turkish Lira imposed on HSBC Yatırım Menkul Değerler AŞ for insufficient professional diligence regarding the determination of expired assets. Metas Gayrimenkul Değerleme ve Danışmanlık AŞ was also removed from the list of authorized real estate appraisal institutions. Meanwhile, Fiba Yatırım Menkul Değerler AŞ received approval for a 1 billion lira issuance ceiling for bonds and debt instruments.

Entities

Borsa İstanbul · Bulls Yatırım Menkul Değerler AŞ · Capital Markets Board · Capital Markets Board of Turkey · Peker Gayrimenkul Yatırım Ortaklığı AŞ · Tera Yatırım Holding AŞ

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Tera Yatırım Holding AŞ failed to fulfill its mandatory tender offer obligation regarding Peker Gayrimenkul Yatırım Ortaklığı AŞ. www.izgazete.net · www.tgrthaber.com · www.yenialanya.com
[● 2 SOURCES] Shares held by the frozen entities cannot be traded on Borsa Istanbul until the tender offer is completed. www.izgazete.net · www.yenialanya.com
[● 2 SOURCES] Investors who were shareholders of Peker GYO at the time of the acquisition may seek legal recourse against Tera Yatırım Holding for damages. www.izgazete.net · www.yenialanya.com
[● 2 SOURCES] Frozen voting rights will automatically unfreeze the day after the mandatory tender offer is completed. www.izgazete.net · www.yenialanya.com
[● 3 SOURCES] Tera Yatırım Holding AŞ acquired 314,754,719.80 TL nominal value of Group A privileged shares in Peker GYO. www.izgazete.net · www.tgrthaber.com · www.yenialanya.com
[● 3 SOURCES] Voting rights for Tera Yatırım Holding AŞ and its related entities were frozen as of September 16, 2026. www.izgazete.net · www.tgrthaber.com · www.yenialanya.com
[● 2 SOURCES] The mandatory tender offer was scheduled to take place between September 16 and September 29, 2026. www.izgazete.net · www.yenialanya.com