Consecutive decisions by the CMB regarding intermediary institutions

In its published bulletin, the Capital Markets Board suspended the activities of Alnus Yatırım, Bulls Yatırım, and Pusula Yatırım, imposed an administrative fine on HSBC Yatırım, and introduced new rules regarding investor refunds.

The Capital Markets Board (CMB) announced its decisions regarding the activities of intermediary institutions, administrative fines, and refunds to be made to investors in its published bulletin. The capital market activities of Alnus Yatırım, Bulls Yatırım, and Pusula Yatırım Menkul Değerler AŞ were temporarily suspended as of October 21, 2026, at 00:01. The Board also resolved to impose an administrative fine of 354,803 Turkish Liras and 96 kuruş on HSBC Yatırım Menkul Değerler AŞ due to insufficient research in determining the statute of limitations for cash and securities, and removed Metas Gayrimenkul Değerleme ve Danışmanlık AŞ from the list of authorized institutions.

On the other hand, the issuance ceiling for Fiba Yatırım Menkul Değerler AŞ regarding the issuance of bonds and financing bills with a nominal amount of 1 billion lira was approved. The CMB also determined new principles for the refund of deposits and receivables that have lapsed due to the statute of limitations and transferred to the accounts held at the Investor Compensation Center and Takasbank; a method of application by mail or in person was introduced for cases where applications cannot be made via e-Government, and a period of 30 days was granted for incomplete applications.