The Communiqué Serial: VI, No: 30 on Principles Regarding Investment Companies (published in the Official Gazette dated 5 August 2011 and numbered 28016) abolished the Communiqué Serial: VI and stipulated new provisions regarding the establishment, public offering, internal control and risk management systems and portfolio restrictions of investment companies. The main provisions of the communiqué are (i) minimum issued capital is increased (ii) at least one shareholder of the investment company must be a leading shareholder (iii) a minimum 20% of the distributable profit has to be paid in cash as the first dividend, and (iv) investment companies are henceforth allowed to repurchase their own stocks but they will not be able to issue privileged shares.