The Communiqué on Equity Based Crowdfunding Has Been Published!

The Communiqué on Equity Based Crowdfunding (III-35/A.1) (“Communiqué”) prepared by the Capital Markets Board (“CMB”) has taken effect following its publication in today’s Official Gazette (3 October 2019).


The Communiqué on Equity Based Crowdfunding (III-35/A.1) (“Communiqué”) prepared by the Capital Markets Board (“CMB”) has taken effect following its publication in today’s
Official Gazette (3 October 2019).

In 2017, the amendments made to the Capital Markets Code No. 6362 formed the statutory basis for crowdfunding, which is an important method of funding for entrepreneurs and start-up companies. With the Communiqué’s entry into effect, the procedures and principles of equity based crowdfunding have finally been revealed.


For full copy of the alert, please click here.