Business · Companies · 10 hrs ago

Turkey’s Capital Markets Board rejects claims about foreign investors

Turkey’s Capital Markets Board rejects claims about foreign investors

Turkey’s Capital Markets Board rejected claims about foreign financial firms operating in the country’s capital markets.

The claims said some firms had made unusually large profits and then left, closed all their positions or sold all of certain assets.

The board said these claims were not supported by concrete information or documents and did not reflect the facts.

It also said its rule-making process took account of views from relevant stakeholders.

Draft and final rules were shared with the public at the same time, without distinguishing between domestic and foreign investors’ access to information.

The statement presents transparency and equal access to information as principles guiding the board’s regulatory work.

2 sources

Related

What people are saying

Capital Markets BoardTurkish financial regulator
The claims that foreign financial institutions made excessive profits, that some left after making high profits, fully closed their existing positions and completely sold their holdings in certain capital-market instruments do not reflect the facts.
via Habertürk