TCMA ANNUAL REPORT 2018

Meetings and Events During the workshop intended to increase the efficiency of the implementation of applicable legislation and to mutually discuss the current practical matters, Turkish Capital Markets Association (TCMA) Board member Murat Guler and Assistant Secretary General Suleyman Morbel made a presentation titled “The Rule of Knowing Your Customer: Where Does the World Currently Stand?”. The aim of the workshop was to increase awareness among our members that have significant obligations with respect to preventive actions related to anti money-laundering (AML) and combating the financing of terrorism (CFT), and to secure higher efficiency in the implementation of applicable legislation. The workshop attracted 104 participants: 13 from member banks, 58 intermediary associations, 16 from asset management companies, 1 from investment companies, 1 from the Association of Brokerage Firm Executives, 7 from TCMA and 8 from MASAK. Roundtable Meeting for Asset-Backed New Products in the Debt Capital Markets Co-organized by the European Bank For Reconstruction and Development (EBRD) and the Capital Markets Board of Turkey (CMB), the Roundtable Meeting for Asset-Backed New Products in the Debt Capital Markets took place on 21 December 2018 at the Association. At the meeting attended by representatives from banks, brokerage firms, asset management companies and manufacturing industry companies, opinions and suggestions were exchanged regarding the regulatory infrastructure, legal framework and issuance process for asset-guaranteed and asset-backed securities, and the establishment of a mortgage finance corporation. Other topics addressed in the meeting chaired by the Association Chairperson Erhan Topac also included the asset-backed securities issue carried out in December by Ziraatbank, Vakifbank, Halkbank and Garanti Bank, and other securitization activities in the sector. Meeting on the CCP Service and Loans Offered by Istanbul Clearing, Settlement and Custody Bank Inc. (Takasbank) A meeting was held on 24 December 2018 to exchange opinions about the means made available to our members under the services offered by Takasbank and administrative matters. Participated by senior executives of Turkish Capital Markets Association TCMA-member brokerage firms and Takasbank representatives at the Association, the meeting has provided the setting for exchanging opinions about the Central Counterparty (CCP) service, collateralization and risk management policies, as well as the loans disbursed by Takasbank to brokerage firms. 42 TCMA 2018 ANNUAL REPORT