TCMA ANNUAL REPORT 2018

Research and Publications covers news about member firms and the sector, as well as the activities of the Association. The publication continued to be published digitally on the electronic environment since January 2017, and also includes summary financial market data compiled by the Association. Report on Suggestions and Action Plan for the Development of the Capital Market Covering opinions and suggestions regarding the fundamental problems our members and stakeholders confront in the capital market, and to help thrive and drive forward the sector in the medium- to long-term, the report was prepared and published by the Association in September. Addressing the steps that need to be taken to make Turkey a regional financial hub and the related policies, the report was presented to the relevant public agencies, associations and societies. The report, which also incorporated the main headings listed below, suggested 40 actions: · The capital market should be defined as a strategic sector and must be owned at the highest level. · Support should be given to direct domestic savings to investments through the capital market channel. · Support should be given to using the capital market in the financing of the manufacturing industry. · Investment banking model should be supported and developed. · A competitive and attractive financial system needs to be created. Roadmap Workshop Report The conclusions from the vision meeting themed “The Contribution of Capital Markets as a Driving Force to the Economy and Manufacturing Industry, Opportunities, and Actions for Development” held on 19-20 October 2018 co- organized by the Association and the Turkish Institutional Investment Managers’ Association (TKYD) were compiled in a report and made public in December. The Roadmap Workshop Report covered the sector’s issues identified with shared wisdom and suggested solutions for these issues. In addition, the report details all the trends and purposes identified for each heading, concrete targets toward the purposes, and the roadmap for realizing all the suggestions developed in line with these goals. Periodic Data Gathering various operational and financial data from brokerage firms ever since its establishment, the Association started collecting the related data also from the asset management companies on a quarterly basis starting in 2015. From January 2017, the Association also began compiling certain operational and financial data from asset management companies on a monthly basis. In the third quarter of 2018, the transactions performed directly by intermediary institutions via the Direct Market Access (DMA) system were separated for the first time. “Data Bank” section on our website features capital market factsheet, aggregate financial statements and operational data of brokerage firms and asset management firms, and comparative data on brokerage firms and asset management firms. Moreover, certain data are submitted to the Central Bank of the Republic of Turkey (CBRT), Istanbul Clearing, Settlement and Custody Bank Inc. (Takasbank) and the Turkish Statistical Institute. Our data are used as benchmark by other agencies including the Banking Regulation and Supervision Agency (BRSA), as well as the organizations named above. Sectoral Data We monthly publish data on our members and sector under Factsheet on our website. Furthermore, Turkish and English presentations on sectoral data are updated quarterly. 34 TCMA 2018 ANNUAL REPORT