SPK Chairman 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 significant statements at the 5th Portfolio Management Summit of the Turkey Institutional Investment Managers Association (TKYD). Gönül emphasized the rapid growth in the portfolio management sector and the transformation within the fund ecosystem.

Fund Market Size 11.2 Trillion TL

Gönül announced that as of November, a total of 87 portfolio management companies are managing 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 on upcoming regulations aimed at simplifying financial reporting processes and strengthening digitalization. The reporting periods for investment funds were regulated, and duplicate notification obligations were eliminated. Furthermore, it will no longer be necessary to send the financial reports of real estate funds and venture capital funds to the CMB.

“We Will Not Look at the Tears of Those Who Make Mistakes”

Stating that all necessary regulations will be rapidly implemented to strengthen the fund ecosystem and raise industry standards, Gönül said, “We will not look at the tears of those who make mistakes,” emphasizing investor confidence. It was highlighted that measures for ensuring financial stability were discussed in meetings chaired by the Minister of Treasury and Finance Mehmet Şimşek.