What changed: The regulation updates the definitions of 'Exchange' and 'futures contract'; allows intermediaries to trade ELÜS-based futures contracts on the Exchange for their own account; bars intermediaries from buying/selling ELÜS for their own account (except for correcting erroneous customer orders or handling below-minimum-quantity ELÜS at customer request); and changes Article 19's transition date from Dec 31, 2026 to Dec 31, 2028, while adding a rule that authorized intermediary institutions cannot begin intermediary activity on the Exchange without first becoming an Exchange member.
Who is affected
Intermediary institutions (aracı kuruluşlar) authorized to carry out brokerage activities on Türkiye's Product Specialization Exchange.
What it means for your business
For firms brokering ELÜS-based futures contracts on the Product Specialization Exchange, this means they cannot start intermediary activity without first becoming an Exchange member, and their transition period now runs to Dec 31, 2028.
What to do
Intermediary institutions should complete Exchange membership before starting brokerage activity and track the new Dec 31, 2028 transition deadline under Article 19. Consult your accountant or legal adviser before acting on this.
When it takes effect
The regulation took effect on its publication date (Oct 8, 2026); the transition deadline was extended to Dec 31, 2028.
Source: https://www.resmigazete.gov.tr/eskiler/2026/10/20261008-2.htm
