TCMA Annual Report 2021 33 Performance Presentation Reports of Mutual Funds Performance presentation reports of mutual funds are re-published within 6 business days following the performance presentation period, and within one month following the performance period together with independently audited statements. The Association submitted to the Capital Markets Board of Türkiye (CMB) its opinion that performance presentation reports in relation to mutual funds be published just once upon completion of the independent audit conducted within one month following the performance periods, as is the case with pension funds. The modifications made in line with our suggestions were enforced. The Association’s Initiatives for Improving SME Financing Presented The Association’s initiatives and efforts for the development of the sector, research and training for improving SME finance, and opinions compiled from the members were submitted to the Republic of Türkiye Ministry of Treasury and Finance, for use in relation to the role of Islamic finance in supporting the SMEs against the Covid-19 pandemic in the country report to be presented by the Republic of Türkiye Ministry of Treasury and Finance at the meeting of the Standing Committee for Economic and Commercial Cooperation of the Organisation of Islamic Cooperation (COMCEC). Contribution to 2021 Financial Sector Assessment Program Türkiye Review Our assessments about the sector on topics for which the Association’s opinions were sought by the Capital Markets Board of Türkiye (CMB) were submitted to the CMB within the scope of the 2021 Financial Sector Assessment Program (FSAP) Türkiye Review co-conducted by the International Monetary Fund (IMF) and the World Bank. Contribution to the CMB Guidelines on Green Debt Instruments and Green Lease Certificates The Association submitted to the Capital Markets Board of Türkiye (CMB) its suggestions based on the opinions compiled from our members in relation to the draft CMB Guidelines on Green Debt Instruments and Green Lease Certificates published for promoting the financing of investments that will positively contribute to environmental sustainability. Contribution to the Republic of Türkiye Ministry of Treasury and Finance Fintech Strategy Document The Association submitted to the Republic of Türkiye Ministry of Treasury and Finance its opinions and suggestions concerning the Fintech Strategy Document that will set the roadmap for the necessary regulatory arrangements to support the development of the sector through the establishment of a governing structure that will lead the development of financial technology and provide the necessary coordination and cooperation. Financial Statement Disclosure Dates for Brokerage Firms and Asset Management Companies Although the financial statement disclosure dates for brokerage firms and asset management companies is set at a later date than for issuers whose capital market instruments are traded on the stock exchange according to the current regulatory framework, it has been observed that numerous institutions publish their reports at a much earlier time than the set date. This may lengthen the assessment of the information provided in the publicly disclosed financial statements and strategic decision-making processes. The Association suggested the Capital Markets Board of Türkiye (CMB) that the financial statement disclosure dates for all brokerage firms and asset management companies to be the same with those applicable for issuers whose capital market instruments are traded on the stock exchange.
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