Politics · Turkey · 2 hrs ago
Türkiye targets stronger laws against capital market crimes by early 2027
Türkiye plans to strengthen laws against capital market crimes by early 2027.
Treasury and Finance Minister Mehmet Şimşek announced the goal on Oct.
16, as authorities work to make markets more transparent and build investor confidence.
The measures will also address coordinated transactions by funds.
Recent rules require weekly disclosure of hedge fund portfolios and announcements when some funds cross shareholding thresholds.
They also set limits on fund concentration and require borrowing to take place on organized markets with collateral.
Authorities say they will monitor the rules and act further if needed.
Şimşek said the priority is to close problematic funds and protect investors’ rights, while sanctions will be used against those who undermine fair competition.
The legal changes are targeted for completion by early 2027.
Türkiye plans to complete legal changes to strengthen its fight against capital market crimes by the beginning of 2027.
Treasury and Finance Minister Mehmet Şimşek said the measures will address coordinated transactions by funds and aim to improve transparency and investor confidence.
The plans follow turmoil in funds that struggled to meet redemption requests during a market sell-off, prompting an investigation into suspected price manipulation.
The Capital Markets Board suspended trading in 131 funds run by seven asset management companies and placed them into liquidation, affecting nearly half a million investors.
MSCI froze some changes to its Türkiye equity indexes while it assesses market reforms.
- Who
- The Turkish government, including Treasury and Finance Minister Mehmet Şimşek, plans the changes.
- What
- Türkiye plans new laws to strengthen its fight against capital market crimes, including coordinated transactions by funds.
- When
- The government aims to complete the changes by the beginning of 2027.
- Where
- Türkiye.
- Why
- To improve market transparency, protect investors’ rights and strengthen confidence in capital markets.
This story does not have two clearly opposing sides.
The Capital Markets Board announced a fund guide with disclosure, concentration-limit and borrowing rules.
Funds said they could not meet investors’ redemption requests during a market sell-off, prompting an investigation into suspected price manipulation.
MSCI froze certain changes to its Türkiye equity indexes while it assessed market reforms.
Şimşek said Türkiye aimed to complete legal changes to strengthen the fight against capital market crimes by the beginning of 2027.
A bill concerning troubled funds was expected to be debated in Parliament, according to Vice President Cevdet Yılmaz.
- Target completion
- Beginning of 2027
- Suspended funds
- 131 funds run by seven asset management companies
- Investors affected
- Nearly half a million
- MSCI decision
- Froze certain changes to its Türkiye equity indexes
- Fund guide
- Announced at the end of August
2 sources
What people are saying
Our priority is to complete the liquidation of problematic funds and protect investors’ rights
Our goal is to establish a transparent, reliable and efficient capital market where investor rights are protected
possible coordinated trading through fund holdings closely affiliated with certain smaller listed companies