SPK President: Portfolio Managers Will Face License Revocation for Manipulation

SPK's Strong Warning: License Revocation Practice on the Agenda

Capital Markets Board of Turkey (SPK) Chairman Ömer Gönül drew attention with his statements at the Turkish Capital Markets Congress. Gönül stated that licenses of portfolio managers might be revoked if funds are used for manipulation purposes.

Strategy for Combating Manipulation

Chairman Gönül emphasized that among the measures to be taken to prevent such attempts, the license revocation is the most severe. He expressed that decisive steps would be taken to ensure the safety of Turkey’s capital markets.

Impact on BIST and Portfolio Management

This approach may have significant effects on Borsa Istanbul (BIST). The measures proposed by SPK are seen as part of the regulatory framework needed for healthier market operations.