On Mar. 20, TUR CMA amended article 6 of the directive on valuation.
TUR CMA issued Circular 51 on amendment of Article 6 of Directive on the valuation principles of assets in the portfolios of collective investment institutions for processes.
Amendment Overview
Collective investment institutions included in portfolios shares traded at forward value, and the transaction price for the sale of mutual fund shares, are determined on day.
In such cases the number of participation shares made is deducted from the portfolio, and the final sales amount is therefore delayed until the settlement date for shares.
It is followed in the item Receivables from Exchange, and provision has been added.
Effectiveness
The effective date of the provision of the article has been determined as Apr. 30, 2025.
Regulators
TUR CMA
Entity Types
HF; Inv Co
Reference
Cir 51, Lt 2025/1394, PR 3/20/2025
Functions
Actuarial and Valuation; Compliance; Financial; Reporting; Risk; Settlement; Treasury
