The regulator of the capital market in Turkey has raised five times the threshold for receiving the status of an accredited investor, from 10 million to 50 million liras ($1 million), reports Bloomberg. The department also increased the minimum required transaction volume from 5 million to 25 million pounds. The tightening of the rules comes against the background of the recent crisis in the Turkish fund market: several companies failed to meet their obligations to clients, which led to the forced liquidation of 131 funds and the arrest of dozens of senior financial institutions.