TCMA Annual Report 2021 59 Borsa İstanbul A.Ş. The Association holds 1.30% equity stake in Borsa İstanbul, corresponding to TL 5,502,042 in the company’s capital of TL 423,234,000. Central Securities Depository of Türkiye (MKK) The Association has a 5% share in the Central Securities Depository of Türkiye (MKK). Our Association holds TL 5,000,000 of the company’s total capital of TL 100,000,000. The Association continued to be represented by one member on the MKK Board of Directors in 2021. Capital Markets Licensing Registration and Training Agency The Association holds 49% share in the Capital Markets Licensing Registration and Training Agency (CMLTA). The Association holds TL 2,940,000 in the company’s total capital of TL 6,000,000 and was represented by two members on the CMLTA Board of Directors in 2021. Birleşik Mortgage Financing Birleşik İpotek Finansmanı A.Ş. (Birleşik Mortgage Financing) was incorporated in 2020 to take over or transfer assets, the types and qualifications of which are determined by the Capital Markets Board of Türkiye (CMB), to manage the assets taken over, take assets as collateral, and to carry out capital market issues in return for these assets, as well as to undertake other activities deemed appropriate by the CMB, within the frame of housing and asset financing under the provisions of the related legislation of the CMB. The Association holds 5% share in Birleşik Mortgage Financing, corresponding to TL 2,500,000 within the company’s total capital of TL 50,000,000. JCR Eurasia Rating On 28 November 2019, a share transfer agreement has been signed for acquisition of 850,500 nominal shares representing 85.05% of the total capital in JCR Avrasya Rating in certain ratios by the institutions. Based on the said agreement, the Association has paid the amount corresponding to the price of the shares it has committed to acquire in 2020. The Association holds 6% stake in JCR Avrasya Rating. INVESTMENTS Strategic support In keeping with its goal of improving the capital market, the Association acquires equity stakes in incorporated capital market institutions and takes part in their management.
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