Turkey Raises Qualified-Investor Bar Fivefold After Fund Rout

Turkey's Capital Markets Board raised the minimum net worth requirement for qualified investors to 5 million Turkish lira from 1 million lira, according to an announcement by the regulator. The change followed significant losses in Turkish equity funds that resulted in billions of dollars in lost value. The new threshold takes effect on a date to be specified by the regulator.

• Bloomberg — Turkey Raises Qualified-Investor Bar Fivefold After Fund Rout

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