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All Articles [ 128 ]
Resolutions from CMB on Banks’ Cross-Border Order Transmission Activities and Foreign ETFs
Capital Markets Board’s recent resolutions have amended the principles governing (i) deposit and participation banks’ intermediation to transmission of orders to institutions residing abroad and (ii) trading of foreign exchange traded funds. Resolution of the Capital Markets Board (the “Board”) dated 17 June 2026 and numbered 37/1118 (the “Resolution”) was published in the Board Bulletin dated 17 June 2026 and numbered 2026/39. The Resolution has amended (i) the Guide on Investment Services and Activities and Investment Institutions with Principle Decision No. i-SPK.37.9 and (ii) Principle Decision dated 27 February 2015 and numbered 5/263 on foreign exchange traded funds (“ETF(s)”). In...
Major Step from Türkiye in Transition to a Global Service Hub
On 4 June 2026, Law No. 7582 Amending Certain Laws introduced the concept of “Qualified Service Center” into Turkish law, with the aim of increasing Türkiye’s export of qualified services and promoting the establishment of group service centers in Türkiye serving affiliated companies located abroad. Foreign Direct Investments Law No. 4875, Corporate Tax Law No. 5520, and the Income Tax Law No. 193, among others, were amended by Law No. 7582 Amending Certain Laws published in the Official Gazette dated 4 June 2026 and numbered 33270 (“Amendment Law”). a. Definition of Qualified Service Center Pursuant to Additional Article 1 of...
Resolution on Biometric Data Processing in Employee Monitoring
Personal Data Protection Authority of Türkiye has published a principle decision and an announcement regarding the processing of biometric data by employers as part of monitoring employees’ attendance and time tracking; highlighting the principle of proportionality and advising alternate methods to employers. Principle decision of the Personal Data Protection Board (the “Board”) dated 29 April 2026 and numbered 2026/921 (the “Resolution”) regarding the processing of biometric data for time and attendance tracking purposes, was published in the Official Gazette dated 2 June 2026 and numbered 33268. Board has also published an announcement on the same date summarizing the Resolution. Board...
Tailored Solutions: What Structured Notes Offer
Structured notes are investment instruments comprising a combination of fixed-income debt securities and derivatives with underliers such as equities, indices, commodities. Given their customised design tailored for investors’ risk-return expectations, their risk-return profile may vary, enabling them to generate fixed income and returns based on the performance of derivatives linked to underlying assets or indicators. This briefing note explores the key features and regulatory framework applicable to structured notes, which have exhibited a mature and steady growth trajectory in line with the increasing global demand for structured products, and are designed and issued by major financial institutions in Türkiye. 1....
Yapılandırılmış Borçlanma Araçları: Özel Tasarımlar
Yapılandırılmış borçlanma araçları (YBA), sabit getirili borçlanma araçları ile pay senedi, endeks, emtia gibi dayanak varlık veya göstergeleri olan türev araçların bileşiminden oluşan yatırım araçlarıdır. Yatırımcıların risk-getiri beklentilerine uygun olarak özelleştirilebilen yapıları sayesinde; YBA’ların risk-getiri profili farklılık gösterebilmekte, sabit getirinin yanı sıra dayanak varlık veya göstergelere dayalı türev ürünlerin performansına bağlı olarak getiri yaratmasına olanak sağlanmaktadır. Bu bilgi notu, artan küresel talep doğrultusunda istikrarlı bir büyüme eğilimi gösteren ve Türkiye’de önde gelen finansal kuruluşlar tarafından tasarlanan ve ihraç edilen YBA’ların temel özelliklerini ve ilgili mevzuatı açıklamaktadır. 1. Genel Olarak Yapılandırılmış Borçlanma Araçları Hibrit olarak tanımlanabilecek yapılandırılmış borçlanma araçları (“YBA”) özel...