The Capital Markets Board of Türkiye issued amendments to its licensing and record-keeping framework for capital markets participants, broadening who must be licensed and/or recorded and updating examination, governance and notification requirements linked to the Capital Markets Licensing Registry and Training Agency (SPL). The changes entered into force upon publication in the Official Gazette. The amended scope now explicitly covers individuals in roles that require a licence as well as individuals who are not licence-subject but must be notified to SPL under the Board’s rules. The definition of “licensed personnel” was expanded to require employees of institutions providing outsourced services to public companies and capital markets institutions to hold the relevant licences. For collective investment schemes, portfolio manager assistants can remain in assistant roles for up to five years if they obtain the licences required for portfolio management, and assistant personnel will not be subject to an experience condition. Provisions on paper-based examinations were removed and the minimum interval between examinations on the same subject was reduced to 30 days from 60. Examination Board membership was increased to seven, with five members to be selected from Board professional staff with at least eight years’ service. Notifications to SPL for non-licensed but reportable persons became mandatory within 10 business days for starts, departures, title or duty changes and similar events, and the notification duty remains with the institution receiving outsourced services; fund-related notifications were assigned to the fund’s founder. The list of licence-requiring roles was also updated to include outsourced service providers and to add “Portfolio Manager Assistant” (requiring a Capital Market Activities Level 1 Licence) and, for debt-based crowdfunding platforms, at least one investment committee member.

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