Capital Markets Board of Türkiye adopts new internal organisation and working rules, expanding departments to 16 and creating a Financial Technologies Department

The Capital Markets Board of Türkiye brought into force new regulations governing its organisational structure and internal working procedures, replacing the long-standing 1982 framework. The changes are intended to support faster and more effective operations and improve cooperation and alignment across the Board’s service units in line with current developments in capital markets. The new regulations reorganise the Board’s service units into Main Service Units, Advisory Units and Auxiliary Service Units, and reshape the set-up by abolishing some units, establishing new ones, and changing certain names and task definitions, while increasing the number of department-level directorates from 12 to 16. A Financial Technologies Department is established to carry out duties relating to crypto assets created using distributed ledger technology, reflecting the extension of the Board’s regulatory and supervisory remit over crypto asset service providers under the Capital Markets Law. The framework also allows the opening of up to three domestic representative offices in provinces where the Board’s remit is concentrated, and overseas representative offices in countries with close capital markets links, subject respectively to a decision of the Board’s decision-making body and a presidential decision.