{"id":886,"date":"2026-01-29T23:48:35","date_gmt":"2026-01-29T20:48:35","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=886"},"modified":"2026-03-18T01:45:31","modified_gmt":"2026-03-17T22:45:31","slug":"%f0%9f%94%b4%f0%9f%87%b9%f0%9f%87%b7-spk-sermaye-piyasasi-kurulu-haftalik-bulteni-2026-5","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/886","title":{"rendered":"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 (SPK) Sermaye Piyasas\u0131 Kurulu Haftal\u0131k B\u00fclteni 2026\/5."},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34\ud83c\uddf9\ud83c\uddf7 (SPK) Sermaye Piyasas\u0131 Kurulu Haftal\u0131k B\u00fclteni 2026\/5 - 29.01.2026\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/g7Q1Ld8-rtQ?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>Sermaye Piyasalar\u0131nda 2026 R\u00fczgar\u0131: SPK B\u00fclteninden \u00d6ne \u00c7\u0131kan 5 Kritik Geli\u015fme<\/h1>\n<p><b>1. Giri\u015f: Karma\u015fan\u0131n \u0130\u00e7indeki Sinyali Read Etmek<\/b><\/p>\n<p>Yat\u0131r\u0131m d\u00fcnyas\u0131nda resmi b\u00fcltenlerin kuru ve teknik dili, asl\u0131nda gelece\u011fin piyasa devlerini ve finansal g\u00fcvenli\u011fin rotas\u0131n\u0131 belirleyen sessiz f\u0131rt\u0131nalar bar\u0131nd\u0131r\u0131r. Sermaye Piyasas\u0131 Kurulu&#8217;nun (SPK) 29 Ocak 2026 tarihli son b\u00fclteni, devasa rakamlar ve sert yapt\u0131r\u0131mlarla piyasan\u0131n yeni yol haritas\u0131n\u0131 de\u015fifre ediyor. Peki, bu teknik sat\u0131r aralar\u0131nda gizlenen kararlar, sizin portf\u00f6y\u00fcn\u00fcz\u00fcn ve piyasan\u0131n yar\u0131n\u0131n\u0131 nas\u0131l \u015fekillendirecek?<\/p>\n<p><b>2. Devlerin Hamlesi: Ziraat ve Halkbank\u2019tan Stratejik Likidite Ad\u0131mlar\u0131<\/b><\/p>\n<p>B\u00fcltenin finansal b\u00fcy\u00fckl\u00fck a\u00e7\u0131s\u0131ndan en sars\u0131c\u0131 verisi, T.C. Ziraat Bankas\u0131 A.\u015e.\u2019ye verilen 150.000.000.000 TL tutar\u0131ndaki devasa bor\u00e7lanma arac\u0131 ihra\u00e7 tavan\u0131 onay\u0131 oldu. Bu rakam\u0131n \u00f6l\u00e7e\u011fini anlamak i\u00e7in ayn\u0131 b\u00fcltende yer alan Yap\u0131 ve Kredi Bankas\u0131 A.\u015e.\u2019nin 80 milyar TL\u2019lik tavan\u0131yla k\u0131yaslamak yeterli olacakt\u0131r. Ziraat\u2019in bu hamlesi, kamu bankalar\u0131n\u0131n yerel TL likiditesini domine etme ve kurumsal finansman kanallar\u0131n\u0131 a\u00e7\u0131k tutma kararl\u0131l\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n<p>Ancak stratejik analiz burada bitmiyor. Kurul, T\u00fcrkiye Halk Bankas\u0131 A.\u015e.\u2019nin de 1.000.000.000 ABD Dolar\u0131 tutar\u0131ndaki yurt d\u0131\u015f\u0131 bor\u00e7lanma tavan\u0131na onay verdi. Ziraat Bankas\u0131\u2019n\u0131n devasa TL operasyonuna kar\u015f\u0131l\u0131k Halkbank\u2019\u0131n d\u00f6viz cinsi yurt d\u0131\u015f\u0131 hamlesi, kamu bankalar\u0131n\u0131n hem i\u00e7erideki likiditeyi y\u00f6netme hem de d\u0131\u015f finansman \u00e7e\u015fitlili\u011fi sa\u011flama konusundaki \u00e7ift y\u00f6nl\u00fc stratejisini g\u00f6zler \u00f6n\u00fcne seriyor.<\/p>\n<p><b>3. &#8220;Ehliyetsiz&#8221; Portf\u00f6y Y\u00f6netimine A\u011f\u0131r Fatura: Marba\u015f Menkul De\u011ferler \u00d6rne\u011fi<\/b><\/p>\n<p>SPK, denetim g\u00fcc\u00fcn\u00fc bu b\u00fcltende olduk\u00e7a net ve tavizsiz bir \u015fekilde sergiledi. Marba\u015f Menkul De\u011ferler A.\u015e.\u2019ye yedi farkl\u0131 kalemden kesilen idari para cezalar\u0131n\u0131n toplam\u0131 tam 49.037.365,03 TL\u2019ye ula\u015ft\u0131. 50 milyon TL s\u0131n\u0131r\u0131na dayanan bu &#8220;rekor&#8221; fatura, piyasa disiplini a\u00e7\u0131s\u0131ndan tarihi bir uyar\u0131 niteli\u011fi ta\u015f\u0131yor. \u00d6zellikle 35.232.783,00 TL\u2019lik en b\u00fcy\u00fck ceza kaleminin gerek\u00e7esi, reg\u00fclatif hassasiyetin odak noktas\u0131n\u0131 \u00f6zetliyor:<\/p>\n<p>&#8220;Sermaye Piyasas\u0131 Faaliyetleri Lisans\u0131 bulunmayan personelin m\u00fc\u015fteri portf\u00f6ylerinin y\u00f6netiminde g\u00f6rev almas\u0131 ve m\u00fc\u015fteri temsilcili\u011fi g\u00f6revini icra etmesi.&#8221;<\/p>\n<p>III-39.1 say\u0131l\u0131 Yat\u0131r\u0131m Kurulu\u015flar\u0131 Tebli\u011fi ve VII-128.7 say\u0131l\u0131 Lisanslama Esaslar\u0131 Tebli\u011fi uyar\u0131nca verilen bu ceza, sermaye piyasalar\u0131nda sadece sermayenin de\u011fil, o sermayeyi y\u00f6neten &#8220;ehliyetin&#8221; de en kritik g\u00fcven unsuru oldu\u011funu hat\u0131rlat\u0131yor.<\/p>\n<p><b>4. Sermaye Patlamas\u0131: Gen \u0130la\u00e7&#8217;tan %1400&#8217;l\u00fck Muhasebesel B\u00fcy\u00fcme<\/b><\/p>\n<p>Halka a\u00e7\u0131k ortakl\u0131klar\u0131n pay ihra\u00e7lar\u0131 b\u00f6l\u00fcm\u00fcnde Gen \u0130la\u00e7 ve Sa\u011fl\u0131k \u00dcr\u00fcnleri A.\u015e.\u2019nin karar\u0131 \u00f6ne \u00e7\u0131k\u0131yor. \u015eirket, 300.000.000 TL olan mevcut sermayesini 4.500.000.000 TL\u2019ye y\u00fckseltme onay\u0131 ald\u0131. Burada dikkat edilmesi gereken nokta, 4.200.000.000 TL\u2019lik bu devasa art\u0131\u015f\u0131n tamam\u0131n\u0131n &#8220;\u0130\u00e7 Kaynaklardan&#8221; kar\u015f\u0131lan\u0131yor olmas\u0131d\u0131r.<\/p>\n<p>Bir finansal analist g\u00f6z\u00fcyle bak\u0131ld\u0131\u011f\u0131nda; bu hamle bir nakit giri\u015fi sa\u011flamaz, aksine \u00f6zkaynaklar i\u00e7indeki fonlar\u0131n nominal sermayeye transferidir. Bu t\u00fcr bedelsiz art\u0131r\u0131mlar, \u015firketin nominal hisse fiyat\u0131n\u0131 makul seviyelere \u00e7ekerek likiditeyi art\u0131r\u0131rken, yat\u0131r\u0131mc\u0131 nezdinde &#8220;g\u00fc\u00e7l\u00fc \u00f6zkaynak yap\u0131s\u0131&#8221; imaj\u0131n\u0131 peki\u015ftirir. Gen \u0130la\u00e7, bu %1400\u2019l\u00fck art\u0131\u015fla bilan\u00e7o kompozisyonunu daha kurumsal bir \u00f6l\u00e7e\u011fe ta\u015f\u0131may\u0131 hedefliyor.<\/p>\n<p><b>5. Dijital D\u00fcnyadaki Tuzaklar: Kurumsal Kimlik H\u0131rs\u0131zl\u0131\u011f\u0131na Dikkat<\/b><\/p>\n<p>Dijitalle\u015fen finans piyasas\u0131, sahte platformlar\u0131n tehdidi alt\u0131nda. SPK b\u00fclteninde, izinsiz kald\u0131ra\u00e7l\u0131 i\u015flem ve &#8220;nitelikli doland\u0131r\u0131c\u0131l\u0131k&#8221; nedeniyle 19 farkl\u0131 web sitesine eri\u015fim engeli getirildi. \u00d6zellikle &#8220;Destek&#8221; ismini taklit eden <i>destekmenkulkiymetler.com<\/i> ve <i>destekfxx.com<\/i> gibi 11 farkl\u0131 uzant\u0131n\u0131n varl\u0131\u011f\u0131, doland\u0131r\u0131c\u0131lar\u0131n kurumsal kimlik h\u0131rs\u0131zl\u0131\u011f\u0131 konusunda ne kadar organize oldu\u011funu kan\u0131tl\u0131yor.<\/p>\n<p>Yat\u0131r\u0131mc\u0131lar i\u00e7in en b\u00fcy\u00fck ders burada sakl\u0131: B\u00fcltenin bir sayfas\u0131nda &#8220;Destek Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.&#8221;nin Kad\u0131k\u00f6y, Suadiye\u2019deki ger\u00e7ek fiziksel \u015fube a\u00e7\u0131l\u0131\u015f\u0131 onaylan\u0131rken, di\u011fer sayfas\u0131nda bu kurumun ad\u0131n\u0131 kullanan sahte dijital siteler if\u015fa ediliyor. Fiziksel ger\u00e7eklik ile dijital tuzaklar aras\u0131ndaki bu ince \u00e7izgi, yat\u0131r\u0131mc\u0131n\u0131n her zaman teyit mekanizmas\u0131n\u0131 \u00e7al\u0131\u015ft\u0131rmas\u0131 gerekti\u011fini g\u00f6steriyor.<\/p>\n<p><b>6. Yeni Enerji: Best Brands Grup Enerji Yat\u0131r\u0131m ile Halka Arz Heyecan\u0131<\/b><\/p>\n<p>Enerji sekt\u00f6r\u00fcn\u00fcn piyasadaki pop\u00fclaritesi, yeni bir halka arz ile ta\u00e7lan\u0131yor. Best Brands Grup Enerji Yat\u0131r\u0131m A.\u015e., 14,70 TL sabit sat\u0131\u015f fiyat\u0131yla borsaya &#8220;merhaba&#8221; demeye haz\u0131rlan\u0131yor. Halka arz\u0131n yap\u0131s\u0131 incelendi\u011finde; 38.205.000 TL tutar\u0131ndaki bedelli sermaye art\u0131r\u0131m\u0131na ek olarak, mevcut ortak S\u00fcrkit Holding A.\u015e.\u2019ye ait 16.373.570 TL nominal de\u011ferli pay\u0131n sat\u0131\u015f\u0131 ger\u00e7ekle\u015ftirilecek. Hem taze sermaye giri\u015fi hem de ortak sat\u0131\u015f\u0131 i\u00e7eren bu arz, 2026 y\u0131l\u0131nda da enerji yat\u0131r\u0131mlar\u0131n\u0131n yat\u0131r\u0131mc\u0131 i\u015ftah\u0131n\u0131 diri tutaca\u011f\u0131n\u0131n g\u00fc\u00e7l\u00fc bir sinyali.<\/p>\n<p><b>7. \u0130leriye D\u00f6n\u00fck Not<\/b><\/p>\n<p>2026 y\u0131l\u0131n\u0131n bu ilk b\u00fcltenleri; piyasan\u0131n bir yandan devasa bor\u00e7lanma ara\u00e7lar\u0131 ve sermaye art\u0131r\u0131mlar\u0131yla geni\u015flemeye \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131, di\u011fer yandan SPK\u2019n\u0131n &#8220;piyasa b\u00fct\u00fcnl\u00fc\u011f\u00fc&#8221; (market integrity) ad\u0131na denetim sopas\u0131n\u0131 hi\u00e7 olmad\u0131\u011f\u0131 kadar sert vurdu\u011funu g\u00f6steriyor. Marba\u015f\u2019a kesilen rekor cezalardan sahte sitelere getirilen engellere kadar her hamle, b\u00fcy\u00fcmenin ancak g\u00fcven ve \u015feffafl\u0131k zemininde s\u00fcrd\u00fcr\u00fclebilir oldu\u011funu hat\u0131rlat\u0131yor. Piyasadaki bu devasa sermaye hareketlili\u011fi i\u00e7inde, siz risk y\u00f6netiminizi mi yoksa b\u00fcy\u00fcme odakl\u0131 stratejinizi mi \u00f6nceliklendiriyorsunuz?<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<h1>Sermaye Piyasas\u0131 Kurulu (SPK) B\u00fclteni 2026\/5: Stratejik Bilgilendirme Notu<\/h1>\n<p>Bu belge, Sermaye Piyasas\u0131 Kurulu&#8217;nun (SPK) 29 Ocak 2026 tarihli ve 2026\/5 say\u0131l\u0131 b\u00fclteninde yer alan kritik geli\u015fmeleri, onaylanan ihra\u00e7lar\u0131, yeni faaliyet izinlerini ve uygulanan yapt\u0131r\u0131mlar\u0131 analiz etmektedir.<\/p>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>2026 y\u0131l\u0131n\u0131n 5. b\u00fclteni, sermaye piyasalar\u0131nda hareketlili\u011fin s\u00fcrd\u00fc\u011f\u00fcn\u00fc ve denetim mekanizmalar\u0131n\u0131n etkin bir \u015fekilde i\u015fletildi\u011fini g\u00f6stermektedir. \u00d6ne \u00e7\u0131kan temel geli\u015fmeler \u015funlard\u0131r:<\/p>\n<ul>\n<li><b>Yeni Halka Arz:<\/b> Best Brands Grup Enerji Yat\u0131r\u0131m A\u015e&#8217;nin halka arz s\u00fcreci onaylanm\u0131\u015ft\u0131r.<\/li>\n<li><b>B\u00fcy\u00fck \u00d6l\u00e7ekli Bor\u00e7lanma:<\/b> T.C. Ziraat Bankas\u0131 ve Yap\u0131 ve Kredi Bankas\u0131 toplamda 230 milyar TL&#8217;yi a\u015fan bor\u00e7lanma tavan\u0131 onay\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Denetim ve Yapt\u0131r\u0131m:<\/b> Marba\u015f Menkul De\u011ferler A\u015e&#8217;ye \u00e7e\u015fitli mevzuat ayk\u0131r\u0131l\u0131klar\u0131 nedeniyle toplamda 45 milyon TL&#8217;yi a\u015fan a\u011f\u0131r idari para cezalar\u0131 uygulanm\u0131\u015ft\u0131r.<\/li>\n<li><b>Yasa D\u0131\u015f\u0131 Faaliyetle M\u00fccadele:<\/b> \u00c7ok say\u0131da izinsiz kald\u0131ra\u00e7l\u0131 i\u015flem (forex) sitesine eri\u015fim engeli getirilmi\u015f ve nitelikli doland\u0131r\u0131c\u0131l\u0131k \u015f\u00fcphesiyle su\u00e7 duyurular\u0131nda bulunulmu\u015ftur.<\/li>\n<li><b>Kurumsal D\u00f6n\u00fc\u015f\u00fcm:<\/b> Arac\u0131 kurum ve portf\u00f6y y\u00f6netim \u015firketlerinde \u00f6nemli sermaye art\u0131r\u0131mlar\u0131 ve ortakl\u0131k yap\u0131s\u0131 de\u011fi\u015fiklikleri ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Sermaye Piyasas\u0131 Ara\u00e7lar\u0131 ve \u0130hra\u00e7 Onaylar\u0131<\/h2>\n<h3>1.1. \u0130lk Halka Arzlar<\/h3>\n<p>B\u00fclten kapsam\u0131nda bir \u015firketin halka arz ba\u015fvurusuna onay verilmi\u015ftir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortakl\u0131k<\/td>\n<td>Mevcut Sermaye (TL)<\/td>\n<td>Yeni Sermaye (TL)<\/td>\n<td>Sat\u0131\u015f Fiyat\u0131 (TL)<\/td>\n<td>\u00d6nemli Notlar<\/td>\n<\/tr>\n<tr>\n<td><b>Best Brands Grup Enerji Yat\u0131r\u0131m A\u015e<\/b><\/td>\n<td>150.000.000<\/td>\n<td>188.205.000<\/td>\n<td>14,70<\/td>\n<td>38,2 Milyon TL sermaye art\u0131r\u0131m\u0131 ve 16,3 Milyon TL ortak pay sat\u0131\u015f\u0131.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>1.2. Bedelli ve Bedelsiz Sermaye Art\u0131r\u0131mlar\u0131<\/h3>\n<p>Halka a\u00e7\u0131k ortakl\u0131klar\u0131n sermaye yap\u0131lar\u0131ndaki de\u011fi\u015fiklikler \u015fu \u015fekildedir:<\/p>\n<ul>\n<li><b>\u00c7an2 Termik A\u015e:<\/b> 7 milyar TL&#8217;den 10 milyar TL&#8217;ye bedelli art\u0131r\u0131m (3 milyar TL).<\/li>\n<li><b>U\u015fak Seramik Sanayi A\u015e:<\/b> 1,225 milyar TL&#8217;den 2,45 milyar TL&#8217;ye bedelli art\u0131r\u0131m.<\/li>\n<li><b>Gen \u0130la\u00e7 ve Sa\u011fl\u0131k \u00dcr\u00fcnleri:<\/b> 300 milyon TL olan sermayesini, i\u00e7 kaynaklardan kar\u015f\u0131lanmak \u00fczere <b>4,2 milyar TL bedelsiz<\/b> art\u0131rarak 4,5 milyar TL&#8217;ye y\u00fckseltmi\u015ftir.<\/li>\n<\/ul>\n<h3>1.3. Bor\u00e7lanma Ara\u00e7lar\u0131 ve Kira Sertifikalar\u0131<\/h3>\n<p>Piyasada likidite sa\u011flama ama\u00e7l\u0131 y\u00fcksek tutarl\u0131 ihra\u00e7 tavanlar\u0131 belirlenmi\u015ftir:<\/p>\n<ul>\n<li><b>Bankac\u0131l\u0131k Sekt\u00f6r\u00fc:<\/b> T.C. Ziraat Bankas\u0131 150 milyar TL, Yap\u0131 ve Kredi Bankas\u0131 ise toplam 85 milyar TL (Bor\u00e7lanma arac\u0131 + Yap\u0131land\u0131r\u0131lm\u0131\u015f bor\u00e7lanma arac\u0131) tavan onay\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Sermaye Benzeri Bor\u00e7lanma:<\/b> T\u00fcrkiye Halk Bankas\u0131 A\u015e, yurt d\u0131\u015f\u0131nda ihra\u00e7 edilmek \u00fczere <b>1 milyar ABD Dolar\u0131<\/b> tutar\u0131nda sermaye benzeri bor\u00e7lanma arac\u0131 onay\u0131 alm\u0131\u015ft\u0131r.<\/li>\n<li><b>Kira Sertifikalar\u0131 (Sukuk):<\/b> Tera Varl\u0131k (5 Milyar TL), ZKB Varl\u0131k (3 Milyar TL + 1 Milyar TL) ve KT Sukuk (1,5 Milyar TL) y\u00f6netim s\u00f6zle\u015fmesine dayal\u0131 ihra\u00e7lar ger\u00e7ekle\u015ftirecektir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Yeni Faaliyet \u0130zinleri ve Kurumsal Yetkilendirmeler<\/h2>\n<p>Sermaye piyasas\u0131 kurumlar\u0131n\u0131n hizmet a\u011f\u0131n\u0131 geni\u015fletmeye y\u00f6nelik \u015fu kararlar al\u0131nm\u0131\u015ft\u0131r:<\/p>\n<ul>\n<li><b>Emlak Kat\u0131l\u0131m Portf\u00f6y Y\u00f6netimi A\u015e:<\/b> Gayrimenkul, Fon Sepeti, Hisse Senedi, Kat\u0131l\u0131m ve Serbest \u015eemsiye fonlar\u0131n\u0131n kurulu\u015fu onaylanm\u0131\u015ft\u0131r.<\/li>\n<li><b>ED Capital Portf\u00f6y Y\u00f6netimi A\u015e:<\/b> Faaliyet izni ve portf\u00f6y y\u00f6neticili\u011fi yetki belgesi verilmi\u015ftir.<\/li>\n<li><b>Aytemiz Yat\u0131r\u0131m Bankas\u0131 A\u015e:<\/b> Yurt i\u00e7inde emir iletimine arac\u0131l\u0131k, i\u015flem arac\u0131l\u0131\u011f\u0131, portf\u00f6y arac\u0131l\u0131\u011f\u0131 ve s\u0131n\u0131rl\u0131 saklama hizmeti yetkileri tan\u0131mlanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Yapt\u0131r\u0131mlar, Su\u00e7 Duyurular\u0131 ve Tedbirler<\/h2>\n<h3>3.1. Marba\u015f Menkul De\u011ferler A\u015e \u0130dari Para Cezalar\u0131<\/h3>\n<p>Yap\u0131lan incelemeler sonucunda \u015firkete yedi farkl\u0131 ba\u015fl\u0131kta a\u011f\u0131r cezalar kesilmi\u015ftir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Eylem \/ Ayk\u0131r\u0131l\u0131k<\/td>\n<td>\u0130PC Tutar\u0131 (TL)<\/td>\n<\/tr>\n<tr>\n<td>Lisanss\u0131z personelin portf\u00f6y y\u00f6netimi ve m\u00fc\u015fteri temsilcili\u011fi yapmas\u0131<\/td>\n<td>35.232.783,00<\/td>\n<\/tr>\n<tr>\n<td>M\u00fc\u015fterilerin kimlik tespitinin mevzuata uygun yap\u0131lmamas\u0131<\/td>\n<td>4.991.834,66<\/td>\n<\/tr>\n<tr>\n<td>S\u00f6zle\u015fme imzalanmadan \u00f6nce yat\u0131r\u0131m hizmeti sunulmas\u0131<\/td>\n<td>4.991.834,66<\/td>\n<\/tr>\n<tr>\n<td>\u0130\u00e7 kontrol ve i\u00e7 denetim sisteminin etkin i\u015fletilmemesi<\/td>\n<td>3.081.378,30<\/td>\n<\/tr>\n<tr>\n<td>Bilgi sistemlerinde yetki a\u015f\u0131m\u0131 ve veri gizlili\u011fi ihlalleri<\/td>\n<td>493.022,94 (Toplam)<\/td>\n<\/tr>\n<tr>\n<td>M\u00fc\u015fterilerin ba\u015fka kurulu\u015flara hesap a\u00e7mas\u0131 i\u00e7in y\u00f6nlendirilmesi<\/td>\n<td>246.511,47<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>3.2. Yasa D\u0131\u015f\u0131 \u0130nternet Faaliyetleri ve Su\u00e7 Duyurular\u0131<\/h3>\n<ul>\n<li><b>Nitelikli Doland\u0131r\u0131c\u0131l\u0131k:<\/b> &#8220;Destek Menkul&#8221;, &#8220;Destek Global&#8221; gibi isimleri kullanarak doland\u0131r\u0131c\u0131l\u0131k faaliyetinde bulunan i\u00e7erik sa\u011flay\u0131c\u0131lar\u0131 ve bu ama\u00e7la telefon hatt\u0131n\u0131 kulland\u0131ran \u015fah\u0131slar hakk\u0131nda TCK 158 uyar\u0131nca su\u00e7 duyurusunda bulunulmu\u015ftur.<\/li>\n<li><b>Eri\u015fim Engelleri:<\/b> Yurt d\u0131\u015f\u0131ndan izinsiz kald\u0131ra\u00e7l\u0131 i\u015flem (forex) yapt\u0131rd\u0131\u011f\u0131 tespit edilen 13 internet sitesi (\u00f6rne\u011fin: winexglobal6.com, fxpro-tr-group.com) ve izinsiz sermaye piyasas\u0131 faaliyeti y\u00fcr\u00fcten 6 site (endeksmenkuldeger.com uzant\u0131l\u0131 siteler) hakk\u0131nda hukuki i\u015flem ba\u015flat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Ortakl\u0131k Yap\u0131s\u0131 ve Sermaye De\u011fi\u015fiklikleri<\/h2>\n<p>Kurumsal yap\u0131lar\u0131n yeniden \u015fekillenmesi kapsam\u0131nda \u015fu onaylar verilmi\u015ftir:<\/p>\n<ul>\n<li><b>IC Gayrimenkul Yat\u0131r\u0131m Ortakl\u0131\u011f\u0131 A\u015e:<\/b> \u0130brahim \u00c7e\u00e7en Yat\u0131r\u0131m Holding&#8217;in sahip oldu\u011fu paylar (yakla\u015f\u0131k %26,72), <b>IC \u0130\u00e7ta\u015f \u0130n\u015faat Sanayi ve Ticaret A\u015e<\/b>&#8216;ye devredilmi\u015ftir.<\/li>\n<li><b>Blupay Menkul De\u011ferler A\u015e:<\/b> MADA Ventures&#8217;\u0131n sahip oldu\u011fu %90,50 pay\u0131n devriyle birlikte, <b>NEO Yat\u0131r\u0131m Holding A\u015e<\/b> \u015firketin %100 sahibi konumuna gelmi\u015ftir.<\/li>\n<li><b>Sermaye Art\u0131r\u0131mlar\u0131:<\/b> Ak Yat\u0131r\u0131m Menkul De\u011ferler sermayesini 80 milyon TL&#8217;den <b>300 milyon TL<\/b>&#8216;ye, Esas Portf\u00f6y Y\u00f6netimi ise 130 milyon TL&#8217;den <b>490 milyon TL<\/b>&#8216;ye y\u00fckseltmi\u015ftir.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<p><b>Sonu\u00e7:<\/b> SPK B\u00fclteni 2026\/5, hem piyasaya yeni giri\u015flerin te\u015fvik edildi\u011fi hem de mevzuat ihlallerine kar\u015f\u0131 s\u0131f\u0131r tolerans politikas\u0131n\u0131n s\u00fcrd\u00fcr\u00fcld\u00fc\u011f\u00fc bir d\u00f6nemi yans\u0131tmaktad\u0131r. \u00d6zellikle lisanss\u0131z personel \u00e7al\u0131\u015ft\u0131r\u0131lmas\u0131 ve bilgi sistemleri g\u00fcvenli\u011fi konular\u0131ndaki yapt\u0131r\u0131mlar, yat\u0131r\u0131m kurulu\u015fu standartlar\u0131n\u0131n korunmas\u0131 a\u00e7\u0131s\u0131ndan kritik \u00f6nem ta\u015f\u0131maktad\u0131r.<\/p>\n<button class=\"simplefavorite-button\" data-postid=\"886\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>SPK 2026\/5 B\u00fclteni: Enerji Sekt\u00f6r\u00fcnde Yeni Halka Arz ve Dev Bankalar\u0131n Bor\u00e7lanma Hamleleri<br \/>\nSermaye Piyasas\u0131 Kurulu\u2019nun 29 Ocak 2026 tarihli son b\u00fclteni piyasalarda hareketlilik yaratt\u0131! Best Brands Grup Enerji&#8217;nin halka arz onay\u0131yla enerji sekt\u00f6r\u00fcne yeni bir soluk gelirken, Ziraat Bankas\u0131 ve Yap\u0131 Kredi\u2019nin onaylanan devasa bor\u00e7lanma tavanlar\u0131 dikkat \u00e7ekiyor. \u00d6te yandan, kurulun denetim taraf\u0131nda tavizsiz duru\u015fu s\u00fcr\u00fcyor: Marba\u015f Menkul De\u011ferler\u2019e kesilen rekor cezalar ve onlarca izinsiz yat\u0131r\u0131m sitesine getirilen eri\u015fim engelleri yat\u0131r\u0131mc\u0131 g\u00fcvenli\u011fini \u00f6n plana \u00e7\u0131kar\u0131yor. Sermaye art\u0131r\u0131mlar\u0131ndan yeni bankac\u0131l\u0131k yetkilerine kadar b\u00fcltenin t\u00fcm ayr\u0131nt\u0131lar\u0131 analizimizde.<\/p>\n","protected":false},"author":4,"featured_media":887,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[95],"tags":[197],"class_list":["post-886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bultenler","tag-spk"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/886","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=886"}],"version-history":[{"count":2,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/886\/revisions"}],"predecessor-version":[{"id":980,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/886\/revisions\/980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/887"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=886"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=886"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=886"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}