CMB CommuniquéIII-52.3
Official Gazette03.01.2014
It is the asset that is established for a period or indefinitely with an internal regulation by portfolio management companies and real estate portfolio management companies that have obtained permission from the Capital Markets Board (CMB) to operate with the funds collected from qualified investors in return for participation shares, in accordance with the provisions of the CMB's Communiqué on the Principles Regarding Real Estate Investment Funds published in the Official Gazette on 03.01.2014, to operate a portfolio consisting of real estates and real estate-based rights and other financial assets and transactions permitted by the legislation on behalf of shareholders under the principles of fiduciary ownership.