As the number of IPOs in the market reaches its peak and the investment into the domestic capital markets increases, there is a clear need to provide liquidity in the market and sustain its activities, which necessitates the need for increasing the participation of professional investors.

In order to increase the participation of the professional investors, i.e investment funds, the exchange should be able to list and trade investment funds, which will facilitate the investors’ investment into funds through the stock exchange and provide professional investment management. Therefore, MSE has drafted the “Closed-end fund listing rules” and organised a discussion of the draft rules on the 10^th May 2019 including the representatives of the FRC, MSCC, MASD, securities firms and investment management companies and reflected their comments into the draft regulation.

Furthermore, the draft rules have been available on our website for receiving comments from the public, researchers and market participants and the final rules reflecting the comments from various market participants have been finalized and approved by the MSE Board of Directors’ Resolution no. 2019/07 dated 28^th June 2019. The rules shall take effect upon approval by the FRC.