Tera Makes a Crucial Move: It Is Increasing Its Registered Capital to 40 Billion Turkish Lira.
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Breaking stock market news: Critical development regarding Turkey's largest investment funds: TERA announced that it has applied to the Capital Markets Board (SPK) to increase its registered capital ceiling by a thousandfold to 40 billion TL. The company also reported that its paid-in capital has been increased to 4 billion TL.
Following the Capital Markets Board's (SPK) amendment to the Investment Funds Guide, which introduced new criteria regarding the capital adequacy of portfolio management companies (PMCs), capital increase initiatives in the sector have accelerated.
A new era in capital markets: Following the Capital Markets Board's (SPK) increase in capital requirements, Tera makes a remarkable decision… The company has initiated steps to increase its registered capital ceiling by a full 1000 times, reaching 40 billion TL. The second step was to raise the paid-in capital to 4 billion TL.
Regulatory developments and improvements to the capital market can increase investor confidence in the Indonesian capital market.
The Capital Markets Board (SPK) has introduced new rules for investment funds and portfolio management companies. The number and investment limits of open-ended funds have been restricted, and new regulations have been introduced regarding companies' capital requirements and over-the-counter share sales.
Emre Tezmen, Chairman of the Board of Directors of Tera Holding, assessed the guidance published by the Capital Markets Board regarding investment funds as an important step for capital markets. Noting that the regulation establishes a proportionate and risk-based architecture, Tezmen stated that the framework, ranging from capital adequacy to the number of funds and investment limits, offers a balanced approach that takes market realities into …
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