TSPB ANNUAL REPORT 2019

19 TCMA 2019 ANNUAL REPORT executives and the members of our Association within the scope of the panels. We Contributed to the Developments, Concerning our Sector’s Legislations While carrying on tasks to ensure that our sector’s added value is acknowledged, we also worked hard on improving and strengthening the capital markets legislation. With the active participation of 67 people from 45 different institutions, we continued to work together in the period of December 2018 - April 2019, convening at least 4 times a month. We discussed the results of the study with the managers of the CMB at the Capital Markets Legislation Workshop on 20-21 April 2019 in Sapanca, and presented the draft amendments to the CMB. Some of the results in this study have been enacted as revisions in the Capital Markets Law. We provided our contribution towards the studies on “Pension Funds’ Performance Measurement”, conducting the “Equity- based Crowd Funding Communiqué” and setting the “Principles for the Intermediary Institutions in the Commodities Exchange” for the Mercantile Exchange for Turkey. The net capital inflows and outflows, which have been adjusted within the price effect in mutual funds, have started to be published by the Central Securities Depository of the Turkish Capital Markets (MKK), by the initiative of our union. The information on the net capital inflow adjustment on the basis of fund type, calculated in line with price effect can be accessed from MKK’s website. We received 612 applications through the Client Disputes Arbitration Committee under our Association and resolved 291 of these applications. Istanbul Financial Center works have accelerated with the establishment of the Presidency of the Republic of Turkey Finance Office. As the Association, we worked our best to provide all the support by keeping in close contact with the Presidency of the Republic of Turkey Finance Office. To this end, “Istanbul Finance Center Conference” was held in co-operation with the Presidency of the Republic of Turkey Finance Office where Berat Albayrak, Ph.D., Minister of Treasury and Finance of the Republic of Turkey has honored us with his presence. In addition, we held a workshop on the Istanbul Finance Center Action Plan, in coordination with The Presidency of the Republic of Turkey Finance Office Besides, we became a 5% shareholder in the Mortgage Finance Institution, which has been established based on our Association’s proposal and it will contribute to the improvement of the capital markets through securitization of loans. Our Association became a partner with JCR Avrasya Rating which has been established in 2019, in order to distribute domestic financial resources more effectively within the widespread use of credit ratings. Distinguished Members, The world has been struggling against the Covid-19 outbreak during the first months of 2020 in which we had anticipated a pace in the global economic activities. We will overcome this problem as a global society, in solidarity and Union. Our priority this year will as well include the Turkish economy at this point and seeking solutions for the problems of our industry, investigating what we can achieve for the improvement of our markets and discussing these issues in different platforms. I would like to thank the valuable managers of all our stakeholders who have provided their support during our term of office, our esteemed members who actively participate in our activities and constantly trust and support us, my colleagues working in our management and supervisory boards, and our Association’s valued employees. Yours sincerely, Alp Keler, Ph.D., CFA Chairperson