SPK President Gönül: We Do Not Care About the Tears of Those Who Do Wrong!

Capital Markets are Growing

Capital Markets Board (CMB) Chairman İbrahim Ömer Gönül made important statements at the 5th Portfolio Management Summit organized by the Association of Institutional Investors of Turkey (TKYD). Gönül emphasized the rapid growth in the portfolio management sector and the transformation in the fund ecosystem.

Fund Market Size is 11.2 Trillion TL

Gönül announced that as of November, a total of 87 portfolio management companies manage a total fund size of 11.2 trillion TL in Turkey. Among the funds in Turkey today;

• 1,954 securities investment funds
• 224 real estate investment funds
• 441 venture capital investment funds
• 390 retirement investment funds
• 28 exchange-traded funds

Additionally, the total values of the funds are recorded as follows: securities investment funds 7.3 trillion TL, real estate investment funds 182 billion TL, venture capital funds 352 billion TL, retirement investment funds 2.1 trillion TL, and exchange-traded funds 284 billion TL.

Important Regulations and Goals

Gönül provided information about the upcoming regulations aimed at simplifying financial reporting processes and strengthening digitalization. The reporting periods for investment funds have been regulated, and duplicate notification obligations have been removed. In addition, it will no longer be necessary to send the financial reports of real estate funds and venture capital funds to the CMB.

“We Won't Spare Those Who Do Wrong”

Stating that all necessary regulations to strengthen the fund ecosystem and raise industry standards will be implemented swiftly, Gönül said, “We won’t spare those who do wrong,” emphasizing investor confidence. It was highlighted that measures to ensure financial stability are being discussed in meetings chaired by the Minister of Treasury and Finance Mehmet Şimşek.