TCMA 2020 ANNUAL REPORT

• Covid-19 Measures in Capital Markets • Savings-Based Financing System • NPL Resolution Methods • Bond Covenants • Performance Assessment of TCMA Investments • Stablecoins Turkish Capital Markets Review Analyzing the developments in the capital markets and the brokerage industry during 2019, “Turkish Capital Markets 2019 Annual Review” was published in English in August 2020. Journal of Capital Markets Studies Two new editions of the fourth volume of the Journal of Capital Market Studies, the international peer-reviewed journal that the Association has been publishing since 2017 to support the scientific research in the sector, were released. Published in cooperation with Emerald Publishing Group, a leading publishing house in its field in the world, the journal is featured in more than 10 indices and databases, including EconLit and ERIH PLUS. Monthly Magazine Aiming to communicate the new practices and developments in the sector, the monthly Gündem magazine covers news about member firms and the sector, as well as the activities of the Association. The magazine that continues to be published digitally in the TCMA web site includes summary financial market data compiled by the Association. OTHER PUBLICATIONS The Abstracts Book of the 4 th Turkish Capital Markets Summit The abstracts book of the 4 th Turkish Capital Markets Summit held on 19-20 November 2019 was released. The book covers the presentations and discussions held during the Summit and abstracts of 28 panels held. The digital version of the book can be accessed on www.capitalmarketssummit.org.tr Report on the Financing of High Tech Startups The outcomes from the research on the ways to further improve the financing of high tech startups co-conducted by the Association and the Technology Development Foundation of Turkey (TTGV) were released in February. The report covers the results from the questionnaire administered among asset management companies and investment trusts in October 2019, and the feedbacks and suggestions voiced during the workshop organized following the questionnaire. The report, which discusses giving a broader role to the capital market for producing creative financing solutions for high tech startups, can be accessed on the Association’s website. Capital Market Guide for Non-Resident Individual Investors Within the scope of the Finance Office of Presidency of the Republic of Turkey initiatives, the Association compiled a Capital Markets Guide for non-resident individuals in September in order to incite them to invest in the Turkish capital markets. Anticipated to be released in 2021, the Guide addresses the process of opening an investment account, preliminary procedures, execution of contract, account opening, services offered by investment firms and taxation. TCMA 2020 ANNUAL REPORT 37