Week of
Bangladesh, Ghana and Turkey account for this week's regulatory output, covering foreign exchange rules, unlicensed investment warnings and capital markets bulletins. Bangladesh Bank dominates the week with three circulars from its Foreign Exchange Policy Department. Two, both dated 22 July, address exporters and service exporters: one consolidates instructions on foreign exchange transactions by freelancers and individual service exporters of non-physical services, and the other raises the Exporters' Retention Quota for merchandise exporters with high import content from 7.5 percent to 15 percent of repatriated FOB value. A third, dated 23 July, is a Master Circular on the Export Development Fund that compiles and modifies the operational procedure and repeals the earlier circular and its successors. Ghana's Securities and Exchange Commission published a public notice listing 23 entities offering unlicensed investment products online and on social media, warning the public and citing the Securities Industry Act, 2016. Turkey's Capital Markets Board issued two bulletins: 2026/46 announces a six-month trading ban on Borsa Istanbul markets for an individual, and 2026/47 is the weekly bulletin covering initial public offerings, issuances, licences, sanctions and shareholding changes. The records differ in form, from consolidated instructions and quota amendments to public warnings and periodic bulletins.
Bangladesh
Foreign exchange transactions by freelancers/individual service exporters
Bangladesh Bank's Foreign Exchange Policy Department consolidates and restates instructions governing foreign exchange transactions of freelancers and individual service exporters of non-physical services such as ICT, BPO, and online professional services. The circular covers payment receipt, verification and documentation, repatriation through OPGSPs, cards, MFSPs and PSPs, ERQ retention limits, tax and AML/CFT compliance, repatriation time limits, and reporting obligations for Authorized Dealers.
CircularPublished in EnglishEnglishForeign exchangePaymentsEnhancement of Exporter's Retention Quota (ERQ)
Bangladesh Bank's Foreign Exchange Policy Department-1 raises the Exporters' Retention Quota (ERQ) for merchandise exporters of goods with high import content from 7.5 percent to 15 percent of repatriated FOB value. The change amends paragraph 76(1) of FE Circular No. 31 dated July 31, 2025, while leaving all other instructions of paragraph 76 unchanged, and takes effect immediately. Authorized Dealers in foreign exchange must inform their concerned constituents of the new quota.
CircularPublished in EnglishEnglishForeign exchangeReporting requirementsMaster Circular on Export Development Fund
Bangladesh Bank issues a consolidated Master Circular on the Export Development Fund (EDF), compiling and modifying the operational procedure previously set out in FE Circular No. 45 of 2017 and its subsequent circulars. It sets out the eligibility, interest rates, tenor, and maximum limits for EDF loans that Authorized Dealers may obtain from Bangladesh Bank to finance foreign exchange input procurement by manufacturer-exporters, including bulk importers and Shariah-compliant financing. The circular repeals FE Circular No. 45/2017 and its subsequent circulars.
CircularPublished in EnglishEnglishForeign exchangeInterest rates
Ghana
PUBLIC NOTICE: LIST OF ENTITIES OPERATING WITHOUT A LICENSE
The Securities and Exchange Commission (SEC) of Ghana publishes a list of 23 entities operating on social media and online that promote and offer unlicensed investment products in the country. The SEC states that none of these entities are licensed to carry out capital market activities and warns the general public to be vigilant and avoid investing in these unlicensed products. The notice is issued pursuant to Sections 3 and 208(c) of the Securities Industry Act, 2016 (Act 929) as amended, and the SEC is collaborating with law enforcement agencies to clamp down on the people behind these entities.
NoticePublished in EnglishEnglishLicensingConsumer protection
Türkiye
CAPITAL MARKETS BOARD BULLETIN 2026/46
The Capital Markets Board of Turkey (SPK) published its bulletin 2026/46, announcing a temporary trading ban on Borsa Istanbul markets for an individual, Salih Can BÜLBÜL, for a period of 6 months starting from transactions dated 23.07.2026. The ban was imposed due to reasonable suspicion of acts listed under Articles 107/1 or 104 of the Capital Markets Law No. 6362, specifically to prevent artificial market creation, based on Article 128/1-(a) and the provisions of Communiqué No. V-101.1 on Measures to be Applied in Insider Trading and Market Fraud Investigations.
OtherTranslated to EnglishTurkishCapital Markets Board Bulletin 2026/47
This is the weekly bulletin of the Capital Markets Board dated July 23, 2026. The bulletin includes approved initial public offerings, equity and debt instrument issuances, new activity licenses, criminal complaints and administrative sanctions, changes in the shareholding structure of capital market institutions, and other application results. The bulletin publicly announces regulatory decisions concerning issuer companies, intermediary institutions, portfolio management companies, and investors.
OtherTranslated to EnglishTurkishLicensingReporting requirements
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