Istanbul University Center for Finance Application and Research Regulation
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This regulation establishes the Istanbul University Center for Finance Application and Research (Merkez). Its purpose is to conduct scientific research and publish on national and global financial issues, particularly tax policies, budget dynamics, public financial management, and fiscal sustainability. The Center will produce in-depth analyses, monitor international standards, and provide policy recommendations. Activities include scientific research on public debt management, local government finance, cost analysis and digital taxation; publishing books, journals and digital content; organizing seminars, courses, conferences and congresses; offering certified and non-certified continuing education programs for public and private sector professionals; and collaborating with national and international institutions. The governance structure consists of a Director appointed by the Rector for three years, a seven-member Board of Directors, and an Advisory Board of up to twenty members. The Director serves as the spending authority. The regulation repeals the 1975 regulation on the Institute of Finance at the Faculty of Economics.
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Key Changes
- Establishes new Center for Finance Application and Research at Istanbul University effective 2 March 2026
- Creates governance structure with Director, 7-member Board of Directors and up to 20-member Advisory Board, all appointed for 3-year terms by the Rector
- Repeals the 1975 regulation on Istanbul University Faculty of Economics Finance Institute published in Official Gazette No. 15436
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Obligations
What this law requires
The Director must prepare and submit an annual activity report to the Board of Directors
The Director must be appointed by the Rector from among faculty members with research activities in the Center's fields for a three-year term
The Board of Directors must meet at least once every six months with a simple majority and make decisions by vote
The Board of Directors must approve the annual activity report
The Advisory Board must convene in November each year and when deemed necessary, with no quorum requirements