Highlights of the Communiqué Amending the Communiqué on Principles Regarding Portfolio Management Companies and Activities of Such Companies

Introduction

Recently, portfolio management companies (PMCs) in Turkey have been growing rapidly in both number and volume. This rapid growth has brought with it the necessity to make amendments to the law on PMCs. On the sector side, it is believed that PMCs generally have difficulties in accessing the technical means and establishing the employment and organizational structure they need to operate more efficiently. Most PMCs suffer large l