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TCMA
2016
Annual Report
Questionnaires
Accounting Method for Fund Sell Orders
The questionnaire was conveyed to the CMB, which was
prepared by the CMB and which covers the answers
regarding the revised accounting method for fund share
sell orders of our members that are founder asset
management companies and distributor companies.
Daylight Saving Time Practice
Based on the Council of Ministers Decision no. 2016/9154
dated 7 September 2016, which was published in the
Official Gazette dated 8 September 2016, it has been
resolved to carry on with the summer time practice with
the purpose of daylight saving.
A questionnaire was administered to evaluate the effects
of the said practice with respect to Borsa İstanbul
Equity Market and Derivatives Market (VIOP), which was
considered to affect the Turkish capital markets as well as
many other areas. Our members’ feedback as reflected in
the questionnaire was communicated to Borsa İstanbul.
Questionnaire Regarding the Transition Date to Foreign
Currency Revision in the TEFAS Platform
Within the frame of the CMB decision to allow foreign
currency trading of fund participation shares, the
Association administered a questionnaire among the
members in order to seek their comments about setting
the inception date of the practice that will enable trading
of mutual fund participation share buy/sell orders, which
are transmitted via the Turkey Electronic Fund Trading
Platform (TEFAS), in a foreign currency. The outcomes
of the questionnaire were conveyed to İstanbul Clearing,
Settlement and Custody Bank Inc. (Takasbank).
Questionnaire Regarding the Transition Date to Periodic
Fund Revision Practice on the TEFAS Platform
In relation to Turkey Electronic Fund Trading Platform
(TEFAS) transactions, a development was carried out that
will enable determining whether clearing will be made
on half-days by funds, and infrastructural work was
completed to allow implementations deviating from daily
trading principles for the participation shares of the CMB. A
questionnaire was administered to determine the date on
which the abovementioned revisions would go live, which
was to be responded to by all TEFAS-member institutions.
The outcomes of the questionnaire were conveyed to
İstanbul Clearing, Settlement and Custody Bank Inc.
(Takasbank).
Questionnaire Regarding the Transition Date to Central
Counterparty Service to be provided by Takasbank in
Borsa İstanbul Equity Market
A questionnaire was administered among our members
to seek the sector’s opinion about determining the
transition date to the Central Counterparty service to be
provided in Borsa İstanbul Equity Market. The outcomes
of the questionnaire were conveyed to İstanbul Clearing,
Settlement and Custody Bank Inc. (Takasbank).