This Briefing Note seeks to summarize the principles regarding equity-based crowdfunding in Turkey as regulated under the Communiqué on Equity-Based Crowdfunding No. III-35/A.1 of Capital Markets Board of Turkey.

Certain amendments are made on multiple laws concerning Turkish financial markets with the Law No. 7186 and the Capital Movements Circular in line with the letter of Ministry of Treasury and Finance dated 16 July 2019

Certain amendments were made on the Capital Movements Circular in line with the correspondence of Ministry of Treasury and Finance dated 14 May 2019.