TCMA 2020 ANNUAL REPORT

INITIATIVES Cooperation between Borsa İstanbul and the Association Joint meetings were held between the intermediary institution and bank sectors’ representatives from amongst the Association’s Board of Directors and Board of Auditors members and Borsa İstanbul officials, which were attended also by representatives from İstanbul Settlement and Custody Bank (Takasbank) and Central Securities Depository (MKK) representatives. The purposes of the meetings were to exchange ideas in relation to implementation principles mainly for the equity market and derivatives market, IPO and debt securities market and for improving and expanding the markets, evaluate new products and improve market operation processes. In the meetings, where specific agenda items for a given meeting were discussed, issues and uncertainties arising in practice were tackled and solutions were sought. Promotional Campaigns Pursuant to the Capital Markets Board of Turkey (CMB) requirements, promotion campaigns in relation to capital market activities by intermediary institutions and banks are notified to the Association prior to implementation, and planned campaigns can be held only after applications are reviewed and approved. During 2020, the Association reviewed 41 applications by members and informed the related parties on its conclusions. We carried on with our innovative and developer efforts to deepen and strengthen our capital markets in 2020. 24 TCMA 2020 ANNUAL REPORT