Şimşek says fund-related legal rules to be completed by early 2027

Turkey's Treasury and Finance Minister Mehmet Şimşek said legal regulations to strengthen the fight against capital market crimes, including coordinated fund transactions, are planned to be completed by early 2027. In a social media post, he said regulations by the Capital Markets Board had increased transparency and strengthened investor confidence, citing the Fund Guide announced at the end of August.

Şimşek noted that concentration limits have been set for funds and that borrowing must be conducted on organised markets and on a collateralised basis. He said further steps would be taken without delay, with priority given to winding up problematic funds and protecting investor rights.

Separately, the global index provider MSCI had said some index changes in Turkish equities were frozen until a second announcement. It said additional time was needed to assess whether the steps taken would deliver expected structural improvements, and that it would monitor the process until June 2027.