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The Turkish Capital Market Commission announced that the asset threshold for qualified investors was raised from 10 million liras to 50 million liras. The transaction volume threshold was raised from 5 million liras to 25 million liras. Real estate investment funds and venture capital funds are no longer exempt from the threshold. According to another announcement, the deadline for portfolio management companies to implement relevant investment supervision requirements and achieve full compliance has been extended until January 31. The previously announced phased compliance schedule has been cancelled.
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The Turkish Capital Market Commission announced that the asset threshold for qualified investors was raised from 10 million liras to 50 million liras. The transaction volume threshold was raised from 5 million liras to 25 million liras. Real estate investment funds and venture capital funds are no longer exempt from the threshold. According to another announcement, the deadline for portfolio management companies to implement relevant investment supervision requirements and achieve full compliance has been extended until January 31. The previously announced phased compliance schedule has been cancelled.
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