TSPB ANNUAL REPORT 2017

in our sector, we began investing the provisions for severance and notice pays for the Association’s employees in the mutual funds traded on TEFAS. We shared the preparatory work for the portfolio, an assessment of its one-year performance, and the current distribution of assets with our readers in our quarterly journal, Gösterge. In 2017, we conducted comprehensive activities to fulfill our share of the responsibility to help improve the sector. Through the Dispute Center that we set up in 2016 to handle and resolve conflicts, which is a key duty and responsibility of our Association, the Arbitration Committee received 360 applications so far. 121 conflicts have been decided by Arbitration Committee, whereas 45 others were settled by the parties without being referred to the Arbitration Committee. International Valuation Standards and its appendices, namely Technical Information Notes and International Valuation Standards Glossary, which were produced by the Standards Committees set up by our Association and the Turkish Appraisers Association (TDUB) and made available to the public, made another highlight of 2017. In addition, international valuation standards, which have been updated by our Association and TDUB based on the 2017 work of the International Valuation Standards Council, has been made public upon receipt of concurrence from the Capital Markets Board of Turkey (CMB). We believe that these studies will prove to be very beneficial for our sector in the coming period. Throughout the year, our Association organized a number of events to address the current topics that needed attention and to ensure wider public recognition of our sector. Having turned into annual events, many of these organizations brought together experts from Turkey and from other countries. The first one of these events was the panel titled “The New Financing Model in the Capital Markets: Crowdfunding” we organized in relation to this most remarkable alternative financing source of recent years that emerged from the incredible progress of the Internet technology and social networks. Another event that focused on the sector’s evolution was the Real Estate Certificates Panel. With its inauguration speeches delivered by Vahdettin Ertaş, Ph.D., CMB Chairman at the time, and Himmet Karadağ, Chairman of the Board of Borsa İstanbul, the panel brought the participants together with representatives of the public and private sector who discussed the real estate certificates thoroughly. Next year will also feature new events where we will be hosting experts to deal with advancing technology and innovation, along with their implications for our sector. We are keeping a close eye on the international developments that may impact our national sector. We have also carried out activities abroad for spreading global cooperation. During the reporting period, our Association was elected to the Board of Directors of the International Council of Securities Associations (ICSA) to represent the Europe Area at the 30th Annual General Meeting of ICSA. We believe that representing our national capital markets on the international arena as a member of a key association such as ICSA will bear positive results in the future. Another significant event was the TCMA Capital Markets Award Ceremony that we organized for the second time in 2017. Serving to publicize the achievements of our institutions, the TCMA Capital Markets Award Ceremony was once again received with great interest from the market professionals. In 2018, we will continue to organize the award ceremony and share the successes of our sector. The headline event of 2017 for our Association and our sector was the Turkish Capital Markets Summit, which was organized for the second time with the support of CMB and main sponsorship of Borsa İstanbul. The Summit was attended by important names including Mehmet Şimşek, Deputy Prime Minister, Vahdettin Ertaş, Ph.D., CMB Chairman at the time, Osman Dereli, Head of the Financial Crimes Investigation Board, Himmet Karadağ, Chairman of the Board of Borsa İstanbul, Prof. James We are keeping a close eye on the international developments that may impact our national sector. 16 TCMA 2017 Annual Report