9
Sep

New Communiqué on Project-Based Securities

Article 61/B of the Capital Market Law No. 6362 (“CML“), which outlines the legal framework for project finance funding and project-based securities (“PBS”), entered into force on February 20, 2020 by way of the amendments to CML. Further, the Communiqué on Project Based Securities No. III-61/B.1 (“Communiqué“) has been published…