TCMA Annual Report 2021 26 Innovative efforts Cooperation between Borsa İstanbul and the Association Joint meetings are being held between the representatives of brokerage firms and banks from amongst the Association’s Board of Directors and Board of Auditors members and Borsa İstanbul officials from İstanbul Settlement and Custody Bank (Takasbank) and Central Securities Depository (MKK) representatives. The meetings are held to exchange ideas in relation to implementation principles mainly for the equity market, derivatives market, IPO and debt securities market, and for the improvement and expansion of the markets; to evaluate new products and improve market operation processes. In the meetings, issues and uncertainties arising in practice were tackled and solutions were sought. Promotional Campaigns Pursuant to the Capital Markets Board of Türkiye (CMB) requirements, promotion campaigns in relation to capital market activities held by brokerage firms and banks are notified to the Association prior to implementation, and planned campaigns can be held only after applications are reviewed and approved. During 2021, the Association reviewed 78 applications by its members and informed the related parties on its conclusions. General Letter on Promotional Campaigns Promotional campaigns for capital market transactions organized by member brokerage firms and banks are primarily intended to raise or promote interest in the capital market. It is considered that campaigns putting products with a very high monetary value at stake, which would normally require individuals with normal economic and financial means to save up money We carried on our innovative efforts to deepen and strengthen our capital markets in 2021. INITIATIVES
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