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Brief
Based on the provided document, here is a summary of the key points:
Summary:
The Turkish Capital Markets Board (CMB) has published a new regulation aims to simplify and enhance the management of freely traded funds (Serbest Fonlar). The regulation introduces amendments to the Investment Funds Principles and Guidelines Regulation (Yatu0131ru0131m Fonlaru0131yla u0130lgili Esaslar Teblig) to facilitate the issuance and management of these funds. Key changes include:
Simplification of the application procedure for freely traded funds
Mandatory disclosure of minimum information in the fund's prospectus, such as the fund's name, type, duration, and management fees
Funds will be required to publish information on their KAP (Capital Markets Board) platform and official website
Changes will take effect immediately upon publication.
Key points:
Simplification of freely traded funds' management
Mandatory disclosure of minimum information in prospectus
Publication of information on KAP and official website
Immediate effect upon publication
Please note that this summary is based on the provided document and may not be exhaustive.
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