The Handbook of the Turkish Capital Markets 2014 published

 


The Handbook of the Turkish Capital Markets 2014 published by Turkish Capital Markets Association. 

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TABLE OF CONTENTS
OVERVIEW OF THE TURKISH CAPITAL MARKETS 1
I. MILESTONES 1
II. REGULATORY STRUCTURE OF THE FINANCIAL SYSTEM 4
III. REGULATORY FRAMEWORK OF THE CAPITAL MARKETS 7
A. Capital Market Law 7
B. Capital Market Institutions and Activities 8
C. Brokerage Firms and Minimum Capital Requirements 9
D. Exchanges and Market Operators 11
E. Decree on the Value of the Turkish Currency 12
IV. TAXATION 12
CAPITAL MARKET INSTITUTIONS 15
I. CAPITAL MARKETS BOARD 15
A. Organization Structure 15
B. Functions 16
II. TCMA 16
A. Organization Structure 16
B. Objectives and Functions 17
III. BORSA ISTANBUL 19
A. Shareholder Structure 19
B. Organization Structure 20
C. Functions 21
D. Markets 21
E. Equity Market 22
F. Emerging Companies Market 30
G. Debt Securities Market 32
H. Futures and Options Market 39
İ. Precious Metals and Diamond Markets 45
J. Indices 47
K. Initial Public Offerings 50
L. Listing Requirements 53
M. Delisting 55
IV. TAKASBANK (ISTANBUL SETTLEMENT AND CUSTODY BANK) 56
A. Organization and Shareholder Structure 57
B. Functions an Services 57
C. Takasbank Money Market 58
D. Securities Lending and Borrowing Market. Trading 59
E. Guarantee Fund 61
V. THE CENTRAL REGISTRY AGENCY 62
A. Organization and Shareholder Structure 62
B. Functions 63
C. Public Disclosure Platform 63
VI. INVESTOR COMPENSATION CENTER 64
VII. CAPITAL MARKETS LICENSING AND TRAINING AGENCY 65
A. Organization and Shareholder Structure 65
B. Functions 65
KEY INSTITUTIONS IN THE CAPITAL MARKETS 67