TCMA ANNUAL REPORT 2018

Meetings and Events Cooperation between Borsa Istanbul Group and Turkish Capital Markets Association (TCMA) TCMA officials and the Borsa Istanbul Group (Borsa Istanbul, Central Registry Agency (MKK) and Istanbul Clearing, Settlement and Custody Bank Inc. (Takasbank)) held monthly meetings to develop and deepen capital markets within the frame of the Association’s future roadmap. In the meetings, which were organized to evaluate new products and improve the market’s operating processes, opinions were exchanged about the implementation principles of the equity market, derivatives market, public offering and debt securities market, as well as about actions to improve and expand the markets. The topics addressed in these meetings included vesting our market in a more competitive structure through fostering the cooperation between TCMA members and the sector’s representatives, ensuring that our market takes place in the global platform, and realization of the Istanbul International Financial Center project. In the monthly meetings, issues and doubts that arise in practice were tackled, and solutions were sought. Financial Services and Capital Markets Futurism Seminar Turkish Capital Markets Association held the “Financial Services and Capital Markets Futurism” seminar on 11 January 2018 at the Association, which was attended by 80 people. Featuring Asst. Prof. Cuneyt Dirican, instructor at Istanbul Arel University, as the speaker, the seminar focused on the path to the fourth industrial revolution, what the new age holds in store for us, whether central banks will remain as the center of banking business, capital markets in the fifth industrial revolution, and financial services. Seminar on the Accounting- and Taxation-Related Impacts of IFRS 9 and 15 on Companies’ Financial Statements On 25 January 2018, the Turkish Capital Markets Association (TCMA) organized the Seminar on the Accounting and Taxation-Related Impacts of IFRS 9 and 15 on the Financial Statements of Intermediary Institutions and Asset Management Companies at the Association, which was attended by 75 people. With the opening speech delivered by the TCMA Secretary General O. Ilker Savuran, the speakers at the Seminar were KPMG Independent Audit Firm Senior Manager Muharrem Karatas, Senior Manager Ebru Sar Kocak, Director Esma Kabak and Senior Manager Erhan Eren. At the seminar that evaluated the effects of IFRS 9 and IFRS 15 accounting standards upon intermediary institutions, and their taxation- related impacts, Director Servet Gozel provided information about the “Capital Markets Board Information Systems Independent Audit” to the participants. We shed light on the sector’s future with educational and developmental activities including meetings, seminars, conferences and panels aimed at bringing our institutions together and responding to their demands. 35 TCMA 2018 ANNUAL REPORT