6362 SAYILI SERMAYE PİYASASI KANUNU İLE YAPILAN DÜZENLEME SONRASI GENEL YATIRIM TAVSİYESİ VE İZİNSİZ YATIRIM DANIŞMANLIĞI

Abstract

The abolished Capital Market Law numbered 2499 has been modified significantly at the beginning and end of 1990’s and repealed by the new Capital Market Law No. 6362 (Law) which entered into force on December 30th, 2012. There is no concept of “general investment advice” in the abolished Capital Market Law and all investment advisory activities are defined as capital market activities in that Law. With the new Law, general investment recommendation has become free and it has become obligatory to obtain permission from the Capital Markets Board in order to carry out investment services and activities as a regular occupation, commercial or professional activity. Mentioned regulations are based on the relevant directives of the European Union. Comments and recommendations based on an anonymous investor, without considering the risk or return criteria of a particular person, are classified as general investment recommendation.