This Briefing Note seeks to summarize the procedures and requirements for the sale of foreign mutual fund units in Turkish capital markets based on the primary legislation regulating this subject, the Communiqué on Foreign Capital Market Instruments and Depositary Receipts and Foreign Investment Funds VII-128.4 (“Communiqué”), published by the Capital Markets Board of Turkey (“CMB”) in the Official Gazette dated 23.10.2013 and numbered 28800.