TCMA ANNUAL REPORT 2018

Metal Industry Learns How to Hedge Seminar Turkish Capital Markets Association and Gedik Trader co- organized the seminar titled “Metal Industry Learns How to Hedge” on 18 September 2018. With Alberto Xodo as the guest speaker, the seminar’s topics included how to trade in six basic metals, how to protect against volatile exchange rates and how to hedge on the London Metal Exchange. The seminar was attended by 35 people. Cooperation for Establishing the Standards for Participation-Based Mutual Funds A task force was formed of Participation Banks Association of Turkey (TKBB) and Turkish Capital Markets Association (TCMA) representations and Asset Management Companies Professional Committee members to establish the standards to be adhered to by participation finance-based mutual funds to be published by the Central Advisory Board of TKBB. The first meeting of the task force was held on 27 September 2018. On 6 December 2018, TCMA Assistant Secretary General Ilker Savuran and Research and Statistics Assistant Director Gokben Altas Cevikcan made a detailed presentation to the Central Advisory Board about asset management and mutual fund system. World Investor Week The second World Investor Week was organized on 1-7 October 2018. During the week each country organizes her own events; in this context, the event in Turkey started with the gong ceremony carried out on 1 October 2018 as a joint organization of the Association, Capital Markets Board of Turkey (CMB) and Borsa Istanbul. Organized at Borsa Istanbul, the event continued with the opening speeches of CMB Chairman Ali Fuat Taskesenlioglu, Borsa Istanbul CEO and Board Member Murat Cetinkaya and Turkish Capital Markets Association Chairperson Erhan Topac. Over 300 participants consisted of representatives from the Association and public institutions, banks, academics, media members and university students. Meeting with the World Bank Delegation for Financing Municipalities As part of the World Bank initiative aimed at giving municipalities increased access to long-term financing, the World Bank representatives and Turkish Capital Markets Association (TCMA) officials held a meeting on 12 October 2018. The meeting attendants were Alper Oguz, financial sector specialist from the World Bank, Albert Amos, senior financial sector specialist from the World Bank, Bilge Yalcin Bastimur from Kanar Kuyucu Koc Law Firm, TCMA Chairperson Erhan Topac, TCMA Secretary General Ilkay Arikan, TCMA Assistant Secretary General O. Ilker Savuran, Research and Statistics Assistant Director Gokben Altas Cevikcan and Research Specialist Deniz Kahraman. At the meeting, opinions were exchanged regarding the actions needed to be taken to facilitate the financing of municipalities in Turkey through the capital markets. Vision Meeting on the Contribution of Capital Markets as a Driving Force to the Economy and the Manufacturing Industry, Opportunities, and Actions for Improvement Turkish Capital Markets Association (TCMA) and the Turkish Institutional Investment Managers’ Association (TKYD) held a vision meeting on the Contribution of Capital Markets as a Driving Force to the Economy and the Manufacturing World Investor Week World Investor Week 39 TCMA 2018 ANNUAL REPORT