The investment range of DASK funds has been expanded

An amendment was made to the Regulations on Working Principles of the Agency for Supervision and Regulation of Insurance and Private Pensions (SEDDK), Natural Disaster Insurance Institution (DASK). The regulation regarding the change came into force after being published in the Official Gazette today.

In this sense, the purchase and sale of securities traded on stock exchanges will be carried out through accounts opened in institutions authorized by the Capital Market Council (CMB) or through the stock exchange. Money and capital market instruments may also be acquired from the first issues, as long as they are traded on the stock market.

15 PERCENT LIMIT

With the exception of financial assets issued by the Ministry of Treasury and Finance or the Asset Leasing Companies of the Ministry of Treasury and Finance, the amount that can be invested in capital market instruments of a single issuer cannot exceed 15 percent. of the institution’s funds. Before the change in question, the Ministry of Treasury and Finance was not excluded.

Time or demand deposits and private current and participation accounts will be evaluated in banks operating in accordance with Banking Law No. 5411 of October 19, 2005. Before the change, they could only be deposited in public banks as deposits term or at sight. (AA)