Update By Turkey CMB - New Capital Markets Law, Chairman and Board

30.01.2013 @ 07:00

The new Capital Markets Law is effective as of 30.12.2012 in Turkey. The Capital Markets Board of Turkey (also acting as the Secretariat of the COMCEC Capital Market Regulators Forum) is now vigorously working on drafting the secondary legislation. The New Law aims to modernise the capital market legal landscape in line with the country's new Commercial Code, EU Financial Services legislation and relevant international standards in financial markets. Following the publication of the Capital Markets Law, Dr. Vahdettin ERTAŞ is appointed as the new Chairman of the Capital Markets Board of Turkey and Bekir Sıtkı ŞAFAK, Bülent GÖKREM, Prof. Dr. Nurullah GENÇ, Birol KÜLE, Himmet KARADAĞ and Murat KOÇ are appointed as new board members by the Council of Ministers Decree published in the Official Gazette on 31.12.2012.