TSPB ANNUAL REPORT 2017

Robinson, worldwide renowned author and economist, Chris Skinner, author, Ayhan Köse, Ph.D., Director of the World Bank Group’s Development Prospects Group, and Mahfi Eğilmez, Ph.D., former Undersecretary of Turkish Treasury. Themed “Growth for our Future”, the Summit shed light on the sector’s future. Having served as a platform for discussing the issues and needs of our capital markets, the Summit hosted nearly 5,000 people including Turkish and foreign experts. 24 panels were held within the scope of the Summit, which dwelled on current topics ranging from capital market products to the financing of infrastructure investments, industry 4.0 to digital coins. Participated by our experts, the panels were backed by 25 different synchronized training sessions. Through the B2B event that we tried for the first time in our Summit, we attempted to bring manufacturing industry companies and our members together. As a result, 18 manufacturing industry companies held a total of 32 meetings with eight of our members. We are intending to further build on this model in our 2018 edition. Furthermore, we are aiming to turn our next year’s summit into an event that will make a mark on the international arena. We also carried on with our work on financial literacy, another key mission of our Association. Within the frame of these initiatives, we held the fourth edition of “Kamera Elinde Geleceğin Cebinde” (Camera In Your Hand, Future In Your Pocket) Short Film Contest. Our contest attracted 107 submissions in 2014, 81 in 2015, 109 in 2016 and 135 short films in 2017. In this year’s contest, we watched valuable works from many different cities around Turkey from Giresun to Diyarbakır. We presented the finalists’ awards during the closing ceremony of the Turkish Capital Markets Summit. Besides investor education, we held training programs in various fields to facilitate close monitoring of the developments by market professionals. Under the heading “Birlikte Eğitim” (TCMA Training), our programs were carried on propped with online and mobile applications. Nearly 2,000 people participated in the training programs organized by the Association in this framework in 2017. This year also saw the debut of investor education that we began co-organizing with our members. The subject matter of 2017 was set as “Risk Management and Hedging in Volatile Markets”. Training sessions were held in Adana, Mersin, İzmir, Kayseri, Denizli, Konya and Gaziantep, which were attended by a total of nearly 1,000 participants. On top of these initiatives, we kept reaching out to our youngsters in 2017 as an investment into the future of our capital market. We organized seminars at a total of 13 universities across Turkey, which were participated by almost 3,500 students. In the coming years, we are targeting to reach a much higher number of people through these events in different cities around the country. We continued to produce our publications regarded as reference, which are designed to inform and drive the sector. In the reporting period, in cooperation with Emerald Publishing Group, a British publishing house, we introduced a peer-reviewed journal titled Journal of Capital Market Studies, which is intended to help connect our sector with the academic world. With this new international peer- reviewed journal, we are targeting to support scientific information sharing in the market and to promote dialogue between academic circles and professionals, while also contributing to academic literature. In order to build our journal on solid grounds and to position it as a respected publication, we created an advisory and editorial board composed of respectable academics from Turkey and abroad. The journal’s launch took place during the Turkish Capital Markets Summit with the attendance of contributing foreign academics. Thanks to this publication, our Association will serve as a solid bridge between the industry and the academic world in 2018. The period ahead will be presenting a number of reforms that are intended to turn İstanbul into a financial center and to strengthen our capital markets. Hence, it is crucial for our future to work in a coordinated fashion with all our stakeholders, embracing a long-term vision. In 2017, our Association served as reporter in the preparation of the Specialization Commission’s Report on Improving Financial Services within the scope of the 11th Development Plan activities. Our Association shared the fundamental issues in the Turkish capital market, along with opinions and suggested solutions to drive the sector further in the long run, for their consideration in the report. We are confident that the report that will be generated based on the meetings to be held in 2018 will produce important outcomes to take the Financial Services Sector forward. Distinguished Members, My colleagues on the Board of Directors and I believe that our efforts throughout our term of office have taken us one step closer to our goals. In 2018 that marks our last period in the office, we will be handing over our duty to the new Board of Directors. We are confident that the new Board that will take over the management in 2018 will keep working to ensure that the capital markets sustain their powerful role. I would like to take this opportunity to extend my thanks particularly to CMB and Borsa İstanbul, and to all our stakeholders with whom we moved forward. I would also like to thank you, our distinguished members, for your unrelenting support, 
and the valuable members of our Board of Directors and Board of Auditors, and the valuable employees of our Association. Yours sincerely, İlhami Koç Chairman 17 TCMA 2017 Annual Report