CMB's Step for Remote Identification of Foreign Nationals
With the Capital Markets Board decision, foreign national real individuals are now able to become remote customers of financial institutions using certain passports.
The Capital Markets Board has paved the way for non-Turkish real individuals to become remote customers of brokerage firms, portfolio management companies, and crypto asset service providers via passports meeting specific standards.
Details of the Regulation
The new regulation prepared by the Capital Markets Board has entered into force after being published in the Official Gazette.
With this legal change, a new era has begun for transactions with financial and crypto asset service providers.
Application Conditions and Terms
For non-Turkish real individuals to perform remote identification, they are required to have a passport with near-field communication capability.
Identity verification processes will be carried out in accordance with the International Civil Aviation Organization's Doc 9303 standard.