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Turkey Capital Markets Board regulatory updates
Overview
The Capital Markets Board (SPK) of Turkey continues to implement regulatory updates focused on market transparency, reporting, and accessibility. Following previous decisions regarding IPO prioritization and capital requirements, the SPK has introduced rules allowing non-Turkish citizens to open investment and crypto asset accounts remotely via video calls and NFC-capable passports. To mitigate risk, foreign clients are categorized as high-risk, requiring identity verification through AI-based liveness tests and strict financial controls via the SWIFT system, with transactions reported to the Financial Crimes Investigation Board (MASAK). Recent regulatory shifts include new limits on investment funds and share sales. To enhance resilience, the SPK set new minimum capital requirements for 2027: 500 million TL for highly authorized portfolio management companies and 250 million TL for those with limited activities. Additionally, new rules restrict off-exchange share sales; for companies with a free float ratio above 50%, sales exceeding 2% of capital or voting rights within 12 months require SPK approval, while the limit is 4% for companies with a free float of 50% or less. BIST 30 and Treasury-controlled companies are exempt. Regarding Borsa Istanbul, the SPK introduced changes to shareholding and free float rules effective September 11, 2026. The mandatory shareholding notification threshold was lowered from 5% to 3% for direct holdings, while the MKK maintains tables for indirect ownership of 10% or more. The ‘free float’ is now redefined as the public float ratio, excluding shares held by founders, major partners (10%+), and senior executives. In response to a fund crisis that liquidated over 130 funds, the SPK extended the equity protection ratio for leveraged transactions at 20% instead of 35% until October 30, 2026.
Entities
Capital Markets Board of Turkey · Borsa İstanbul · Central Securities Depository of Turkey · Turkey Wealth Fund · Ministry of Treasury and Finance
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 12 SOURCES] The SPK has introduced new regulations for investment funds and portfolio management companies.
- [● 9 SOURCES] Starting in 2027, highly authorized portfolio management companies must have a minimum paid-in capital of 500 million TL.
- [● 8 SOURCES] For companies with a free float ratio above 50%, off-exchange sales of shares or voting rights are limited to 2% within any 12-month period.
- [● 8 SOURCES] For companies with a free float ratio of 50% or below, off-exchange sales are limited to 4% within any 12-month period.
- [● 8 SOURCES] Off-exchange transfers exceeding the limits require an approved share sale information form from the SPK.
- [● 8 SOURCES] BIST 30 companies and companies controlled by the Treasury or public institutions are exempt from the new off-exchange sale limits.
- [● 5 SOURCES] The number of hedge funds a company can issue is limited to the number of portfolio managers employed by that company.
- [● 5 SOURCES] The SPK updated the Investment Funds Guide on August 28, 2026.
- [● 4 SOURCES] Tera Portföy applied to increase its registered capital ceiling from 40 million TL to 40 billion TL.
- [● 4 SOURCES] Tera Portföy plans to increase its paid-in capital from 150 million TL to 4 billion TL.
- [● 3 SOURCES] The total value of capital market instruments exceeding 5% of a fund's portfolio value cannot exceed 20% of the total fund portfolio value.
- [● 2 SOURCES] Halkbank has applied to the SPK for a secondary public offering to increase its capital by 25%.
Timeline
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[BUSINESS] 21 sourcesTurkey's Capital Markets Board updates investor requirements and fund deadlines
Turkey's SPK has raised the qualified investor asset threshold from 10 million to 50 million TL and extended the fund compliance deadline to January 31, 2027.
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[BUSINESS] 9 sourcesCapital Markets Board extends equity protection ratio in Turkey
Turkey's Capital Markets Board extended the 20% equity protection ratio for leveraged trades until late October 2026 to stabilize markets following a major investment fund crisis.
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[BUSINESS] 8 sourcesTurkish companies increase share buybacks following regulatory changes
Turkish companies conducted nearly 2 billion TL in share buybacks between September 22-28 after the Capital Markets Board removed total cost limits.
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[BUSINESS] 12 sourcesCapital Markets Board of Turkey updates shareholding and free float rules
Turkey's Capital Markets Board is lowering the shareholding disclosure threshold from 5% to 3% and redefining free float calculation methods for Borsa Istanbul, effective September 11, 2026.
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[BUSINESS] 17 sourcesTurkey's SPK approves Net Global IPO and implements new identity rules
Turkey's SPK approved Net Global's 2.2 billion TL IPO, while the Central Bank introduced new biometric and NFC-based remote identity verification rules for financial services.
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[BUSINESS] 3 sourcesTurkish capital markets see major shareholder and fund investment disclosures
New regulatory disclosures in Turkey reveal major shareholder shifts in several companies and a 2.18 billion TL investment by the Türkiye Diyanet Vakfı in a money market fund.
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[BUSINESS] 17 sourcesTurkey's SPK introduces new investment fund and share sale regulations
Turkey's SPK has introduced new limits on investment fund positions and off-exchange share sales. Tera Portföy has responded by applying for a massive increase in its registered capital ceiling.
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[BUSINESS] 18 sourcesCapital Markets Board issues new investment fund and share sale regulations
The Turkish Capital Markets Board (SPK) has introduced new regulations for investment funds, including capital requirements and limits on hedge fund issuance, while Halkbank applied for a 25% capital increase.
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[BUSINESS] 8 sourcesCapital Markets Board approves IPOs and reporting extensions
The Capital Markets Board of Turkey approved IPOs for İntetra Teknoloji and Bakırcı GYO, authorized major debt issuances, and granted 25 companies extensions for financial reporting.
Sources
akishaber.com.tr · anlatilaninotesi.com.tr · aykiri.com.tr · baretdergisi.com · benguturk.com · besniguncel.com · bitcoinsistemi.com · borsagundem.com · borsagundem.com.tr · bursahakimiyet.com.tr · bursatv.com.tr · cnbce.com · cumhuriyet.com.tr · diken.com.tr · doviz.com · dunya.com · ekonomist.com.tr · ekoturk.com · ekz.ch · europesays.com · f5haber.com · finans.mynet.com · flashtv.com.tr · gazetedamga.com.tr · gazeteyenisoz.com · gzt.com · haber7.com · haberaktuel.com · haberturk.com · hairstory.com.hk · halktv.com.tr · ininsubria.it · internethaber.com · karar.com · kayserinews.com · kentgazetesi.com · konyayenigun.com · korkusuz.com.tr · lebensmittelzeitung.net · m.haberturk.com · mercy.edu · merhabahaber.com · mersinhaber.com · milligazete.com.tr · minnow.dk · moneymarket.com · odatv.com · odatv4.com
This summary has been updated 13 times: see revision history