TCMA Annual Report 2021 34 Development of TEFAS Fund Information Platform In the online meeting organized by the Association with the purpose of further development of Türkiye Electronic Fund Trading Platform (TEFAS) Fund Information Platform that gives investors access to various information about all security mutual funds, İstanbul Settlement and Custody Bank (Takasbank) officials and representatives of brokerage firms, banks and asset management companies got together and expressed their opinions. Draft Guidelines Setting Out the Valuation Principles for Debt Instruments Included in the Fund Portfolios Upon the delegation of the Capital Markets Board of Türkiye (CMB), a working group has been set up at the Association for setting the valuation principles for various debt instruments included in the mutual funds portfolio which are not clearly regulated by the legislation with the aim of ensuring INITIATIVES uniformity in practice across the sector. With the contributions of the working group consisting of our members, İstanbul Settlement and Custody Bank (Takasbank) and Borsa İstanbul representatives, the draft Guidelines on Valuation Principles for Debt Instruments in Mutual Fund Portfolios have been prepared and submitted to the CMB for feedback and comments. The Association’s Investment Portfolio In June 2015, the Association’s Board of Directors decided to invest the provisions for severance and notice pays for the Association’s employees in the mutual funds traded on the Türkiye Electronic Fund Trading Platform (TEFAS), for the dual purpose of securing maximum returns with minimum risk through proper distribution of assets, and of supporting the capital markets. The portfolio allocation of the initial investment amount of TL 1.1 million in March 2016 was updated based on reevaluations over the years and total portfolio reached TL 5.4 million at year-end 2021.
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