Under the new Medium-Term Program (OVP), an Investor Risk Center will be established for the detection of systemic risks in capital markets and for early warning purposes, while efforts will be carried out to expand the use of TROY, Türkiye’s domestic and national card scheme.
In addition, capital markets will be deepened through updates and development work in equity markets. The regulatory framework governing investment services and activities, the establishment and operating principles of investment institutions, the capital and capital adequacy requirements of brokerage firms, and margin trading, short selling, and securities lending and borrowing transactions involving capital market instruments will be comprehensively reviewed.
Turkish lira savings and investment instruments to be diversified
An “Investor Risk Center” will be established, along with an “Investor Risk Monitoring System,” for the comprehensive monitoring of risks originating from investors and investment institutions in capital markets and for the detection of systemic risks and early warning.
Meanwhile, capital markets will be deepened by diversifying Turkish lira savings and investment instruments.
Regulations will be introduced to enable companies to benefit more from the opportunities offered by capital markets, and an increase in qualified public offerings will be supported.
Legislative, systems, operational and market compliance work aimed at shortening the settlement period in the equity market will be completed. In addition, market classification criteria in the equity market will be updated to more effectively reflect liquidity and volatility characteristics.
To increase the effectiveness of the rating and independent audit sectors, the relevant legislation will be improved in line with international practices.
Efforts to expand financial technologies will continue
Under the OVP, in order to expand financial technologies, the regulatory infrastructure for these technologies will be developed, and their scale, effectiveness and security will be enhanced to support their wider adoption.
Infrastructure work will be completed to introduce and expand the use of the digital Turkish lira, addressing its economic, legal and security dimensions. Efforts will be carried out to support the wider use of data-sharing services in payment services through the Instant and Continuous Transfer of Funds (FAST) system and FAST layered services.
Cyber resilience of payment and e-money institutions to be strengthened
Efforts will be carried out to expand the use of TROY, Türkiye’s domestic and national card scheme, in card payments. Regulations will be implemented to strengthen the cyber security resilience of payment and e-money institutions.
Regulatory work will continue to strengthen the payment services ecosystem, in which innovative financial services are offered and high-value-added applications and initiatives emerge.
Meanwhile, procedures and principles will be determined regarding the issuance of capital market instruments as crypto assets and their tracking in registered form.
