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Post-Coup Purge Leaves Turkey’s Market Regulator Paralyzed

  • At least 25 companies await decisions from market regulator
  • Purge of suspected Gulen supporters means committee can’t meet
Bloomberg business news

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Listed companies in Turkey are in limbo after a government purge left the country’s market regulator unable to make decisions in the wake of July’s attempted coup.

At least 25 companies are awaiting authorization from Turkey’s Capital Markets Board for activities including selling debt and raising capital. The regulator hasn’t published any of its weekly bulletins -- where approvals and fines are announced -- since July 26, making August the first month without one since 1990.