TCMA ANNUAL REPORT 2018

Meetings and Events Suggestions and Assessments in relation to Implementation, and Transition Process Information. Cooperation between Turkish Capital Markets Association’s (TCMA) Members and Istanbul Clearing, Settlement and Custody Bank Inc . (Takasbank) The Association’s members and Istanbul Clearing, Settlement and Custody Bank Inc. (Takasbank) representatives held a meeting at the Association on 7 August 2018 to exchange opinions about technical and operational matters related to Turkey Electronic Fund Trading (TEFAS) Platform. The main discussion topics at the heavily-attended meeting included suggestions for improving Takasbank IT services with a main focus on transactions carried out in half business-days, valuation rates of assets accepted as collateralization, development process for FC transactions in hedge funds, the limited level of access to mutual funds, and fund transfer between investment accounts. The members’ opinions were gathered following the meeting and communicated to Takasbank. During the meeting, TCMA Research and Statistics Assistant Director Gokben Altas Cevikcan gave information to the participants about the preparation phase of the Association’s investments made via TEFAS, as well as about the investment performance. Press Conferences Held In 2018, two press conferences were held at the Association. The Association’s Chairperson Erhan Topac and members of our Board of Directors and Board of Auditors were attended to the conferences. The first meeting that took place on 11 September 2018 addressed suggestions for flourishing the capital market within the frame of the future economy policies, the Association’s projects and our members’ data for the first half of 2018. In the second meeting held on 4 December 2018, Chairperson Erhan Topac provided information about the current status of the capital market and the data of intermediary institutions and asset management companies for the first nine months of 2018. Topac also shared his comments about the outlook of the capital markets with the media members. Efficient Markets, Behavioral Finance and Sociology: A Perspective by Borsa Istanbul The Association and the CFA Istanbul Society co-organized a seminar titled “Efficient Markets, Behavioral Finance and Sociology: A Perspective by Borsa Istanbul” on 12 September 2018. Attended by 100 people, the seminar that took place at the Association featured Dr. Emre Tarim from the Lancaster University. In addition, Assoc. Prof. Recep Bildik from Borsa Istanbul, Mehmet Gerz from Ata Asset Management, and Alparslan Budak from the Financial Planning Association discussed the topic and addressed the Nobel award-winning theories that help understand the markets and price formations, and the reflections of theories and approaches that make an introduction to the market sociology that adds a new dimension to the aforementioned theories upon the investors, market professionals and intermediary institutions at Borsa Istanbul. The Association’s Chairperson Erhan Topac’s press conference on 4 December 2018 “Efficient Markets, Behavioral Finance and Sociology: A Perspective by Borsa Istanbul” Seminar 38 TCMA 2018 ANNUAL REPORT