{"id":13238,"date":"2026-05-15T18:56:25","date_gmt":"2026-05-15T18:56:25","guid":{"rendered":"https:\/\/virconlegal.com\/term\/cmb-capital-markets-board-spk\/"},"modified":"2026-05-16T07:43:02","modified_gmt":"2026-05-16T07:43:02","slug":"cmb-capital-markets-board-spk","status":"publish","type":"term","link":"https:\/\/virconlegal.com\/tr\/term\/cmb-capital-markets-board-spk\/","title":{"rendered":"CMB (Capital Markets Board \u2014 SPK)"},"content":{"rendered":"

Capital Markets Board (CMB), T\u00fcrk\u00e7esi Sermaye Piyasas\u0131 Kurulu<\/a> (SPK) olan kurum, T\u00fcrkiye’nin ba\u015fl\u0131ca sermaye piyasas\u0131 d\u00fczenleyicisidir. 2499 say\u0131l\u0131 Sermaye<\/a> Piyasas\u0131 Kanunu ile kurulan ve 6362 say\u0131l\u0131 Kanun ile yeniden kodlanan CMB; halka arzlar, sermaye piyasas\u0131 ara\u00e7lar\u0131, yat\u0131r\u0131m fonlar\u0131, portf\u00f6y y\u00f6netim \u015firketleri, arac\u0131 kurumlar, ba\u011f\u0131ms\u0131z denet\u00e7iler ve \u2014 2024 de\u011fi\u015fiklikleriyle birlikte \u2014 T\u00fcrkiye’de faaliyet g\u00f6steren veya T\u00fcrkiye’yi hedefleyen kripto varl\u0131k hizmet sa\u011flay\u0131c\u0131lar\u0131 \u00fczerinde kural koyma ve denetim yetkisine sahiptir.<\/p>\n

CMB, birincil reg\u00fclasyonu Tebli\u011f, k\u0131lavuz ve standartla\u015ft\u0131r\u0131lm\u0131\u015f formlar \u015feklinde yay\u0131mlar. Reg\u00fcle faaliyetlerin \u00e7o\u011fu i\u00e7in CMB’nin onay\u0131 veya kayd\u0131 gereklidir: halka arz ve takip eden arz izahnameleri, nitelikli yat\u0131r\u0131mc\u0131lara \u00f6zel yerle\u015ftirme<\/a>, fon kurulu\u015fu (Giri\u015fim Sermayesi Yat\u0131r\u0131m Fonu<\/a> \u2014 GSYF \/ Bireysel Sermaye Geli\u015ftirme Fonlar\u0131 \u2014 BSGF), portf\u00f6y y\u00f6netimi lisanslamas\u0131, kitle fonlama<\/a> platformu yetkilendirmesi (III-35\/A.2 Tebli\u011fi) ve III-35\/B.1 Tebli\u011fi alt\u0131nda kripto varl\u0131k hizmet sa\u011flay\u0131c\u0131 lisanslamas\u0131 dahil.<\/p>\n

Teknoloji kurucular\u0131 ve giri\u015fim<\/a> sermayesi fonlar\u0131 i\u00e7in CMB birka\u00e7 spesifik ba\u011flamda \u00f6nemlidir: T\u00fcrk fonu yap\u0131land\u0131r\u0131l\u0131rken (GSYF\/BSGF onay\u0131 ve raporlama), nitelikli yat\u0131r\u0131mc\u0131lardan \u00f6l\u00e7ekli sermaye toplan\u0131rken, lisansl\u0131 bir platform \u00fczerinden kitle fonlama<\/a> turu y\u00fcr\u00fct\u00fcl\u00fcrken (III-35\/A.2 Tebli\u011fi) ve T\u00fcrkiye yerle\u015fiklerine kripto varl\u0131k hizmeti sunulurken. CMB ayr\u0131ca piyasa manip\u00fclasyonu, i\u00e7eriden \u00f6\u011frenenlerin ticareti yasaklar\u0131 ve halka a\u00e7\u0131k \u015firketlerin kamuyu ayd\u0131nlatma y\u00fck\u00fcml\u00fcl\u00fcklerini de uygular.<\/p>\n

Uluslararas\u0131 alanda CMB; IOSCO \u00fcyesidir ve MMoU d\u00fczenlemeleri arac\u0131l\u0131\u011f\u0131yla s\u0131n\u0131r \u00f6tesi uygulama i\u015fbirli\u011fine kat\u0131l\u0131r. T\u00fcrkiye d\u0131\u015f\u0131ndan gelen yat\u0131r\u0131m i\u00e7in, i\u015flem T\u00fcrkiye yerle\u015fiklerine sermaye piyasas\u0131 arac\u0131 ihrac\u0131, sat\u0131\u015f\u0131 veya da\u011f\u0131t\u0131m\u0131n\u0131 i\u00e7eriyorsa tipik olarak CMB izni gereklidir. D\u0131\u015fa y\u00f6nelik y\u00f6nde \u2014 T\u00fcrk ihra\u00e7\u00e7\u0131lar yabanc\u0131 pazarlara y\u00f6neldi\u011finde \u2014 CMB’nin rol\u00fc daha s\u0131n\u0131rl\u0131d\u0131r, ancak halka a\u00e7\u0131k \u015firketler i\u00e7in raporlama y\u00fck\u00fcml\u00fcl\u00fckleri devam eder.<\/p>\n

CMB; T\u00fcrkiye’nin daha geni\u015f finansal reg\u00fclasyon mimarisinde Bankac\u0131l\u0131k D\u00fczenleme ve Denetleme Kurumu (BDDK), T\u00fcrkiye Cumhuriyet Merkez Bankas\u0131 (TCMB) ve Hazine ve Maliye Bakanl\u0131\u011f\u0131 ile birlikte yer al\u0131r. Bu d\u00fczenleyiciler aras\u0131 koordinasyon \u00f6zellikle fintech, \u00f6demeler, kripto varl\u0131k ve s\u0131n\u0131r \u00f6tesi yat\u0131r\u0131m konular\u0131nda aktiftir.<\/p>\n","protected":false},"excerpt":{"rendered":"

Capital Markets Board (CMB), T\u00fcrk\u00e7esi Sermaye Piyasas\u0131 Kurulu (SPK) olan kurum, T\u00fcrkiye’nin ba\u015fl\u0131ca sermaye piyasas\u0131 d\u00fczenleyicisidir. 2499 say\u0131l\u0131 Sermaye Piyasas\u0131 Kanunu ile kurulan ve 6362 say\u0131l\u0131 Kanun ile yeniden kodlanan CMB; halka arzlar, sermaye piyasas\u0131 ara\u00e7lar\u0131, yat\u0131r\u0131m fonlar\u0131, portf\u00f6y y\u00f6netim \u015firketleri, arac\u0131 kurumlar, ba\u011f\u0131ms\u0131z denet\u00e7iler ve \u2014 2024 de\u011fi\u015fiklikleriyle birlikte \u2014 T\u00fcrkiye’de faaliyet g\u00f6steren veya […]<\/p>\n","protected":false},"author":4,"featured_media":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"categories":[],"class_list":["post-13238","term","type-term","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/13238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term"}],"about":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/types\/term"}],"author":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/comments?post=13238"}],"version-history":[{"count":2,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/13238\/revisions"}],"predecessor-version":[{"id":14134,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/term\/13238\/revisions\/14134"}],"wp:attachment":[{"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/media?parent=13238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/virconlegal.com\/tr\/wp-json\/wp\/v2\/categories?post=13238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}