About the Association

Mission Statement Aims Duties Board of Directors
Board of Auditors Discipline Committee Management Organization Structure
Departments Participations Memberships

Mission Statement

 

To contribute to the development of a community of professionals equipped with high level of expertise who are sincerely committed to ethical values and perceive competition as offering better products and services to investors with the ultimate aim of contributing to the development of the national economy and the capital markets.

Aims

  • Contribute to the development of the capital markets and intermediation activities,
  • Facilitate solidarity among its members,
  • Safeguard the prudent and disciplined conduct of business by its members,
  • Prevent unfair competition among its members,
  • Enhance professional know-how in the sector.

Duties

  • Conduct research and offer educational programs,
  • Establish professional rules and regulations,
  • Set safety measures aimed at preventing unfair competition,
  • Cooperate with relevant organizations with the objective of imposing disciplinary action,
  • Monitor professional developments, changes in rules and regulations and inform its members,
  • Assist in the resolution of disputes arising from off-exchange transactions among its members or between its members and investors,
  • Determine the principles on commissions and fees charged by its members and propose these to the Capital Market Board,
  • Evaluate complaints against its members and inform the Board on the results,
  • Cooperate with related foreign institutions.

Board of Directors

İlhami KOÇ Chairperson
M. Berra DOĞANER, Phd Vice-chairperson
Ersin AKYÜZ Member
Gülsevin ÇİPLİ Member
İsmail KAZANÇ Member
Av. Şebnem ERGÜN   Member
İ. Namık AKSEL Member
O. Okan ALPAY  Member
Murat ÇETİNKAYA Member
Prof. Dr. Güler ARAS  Member
Rüya ESER Member

Board of Auditors

Ş. Alp KELER, Phd Member
Mehmet AHKEMOĞLU Member
M. Aşkın DOLAŞTIR Member
C. Özgür GÜNERİ Member
Murat GÜLER Member

Discipline Committee

 Hasan Hüznü GÜZELÖZ Member
 Tolga ATAMAN Member
 Dr. Vedat MİZRAHİ Member
 Pamir KARAGÖZ Member
 İzzet ŞAHİN Member

Management

İlkay ARIKAN Secretary General
İlker SAVURAN Assistant Secretary General
Adalet POLAT Assistant Secretary General
Süleyman MORBEL Assistant Secretary General
Ekin FIKIRKOCA Director-Research and Statistics Department
Telman ŞAHBAZOĞLU Director-Information Technologies Department
Engin TURAN Director-Human Resources, Administrative and Financial Affairs Department
Esra ESİN SAVAŞAN Director-Compliance and Surveillance Deparment
Dr. Gökhan BÜYÜKŞENGÜR Director-Training Department
Tuğba OĞAN Director-Corporate Communications Department

 

Organization Structure

 

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Departments


Compliance and Surveillance Department;

  • Monitors and inspects the activities of the members.
  • Performs internal audit of the Association.
  • Monitors related regulations, proposes changes in the existing or draft regulations.
  • Identifies the problems of the capital markets and offers solutions.

Legal Affairs Department;

  • Provides legal advice to other departments, General Secretariat and the Board of Directors.
  • Conducts legal investigations about the applications and complaints made to the Association.
  • Proposes changes in the existing or draft regulations.
  • Prepares the regulations of the Association.
  • Keeps records of disciplinary actions against members.
  • Assists in the resolution of disputes.
  • Monitors professional, administrative and legal developments.
  • Identifies the problems of the capital markets and offers solutions.

Research and Statistics Department;

  • Conducts research for the development of the capital markets.
  • Gathers data on members and publishes periodical statistics.
  • Follows the developments in international capital markets and informs its members.
  • Represents the Association at national and international institutions.
  • Coordinates the Association’s international relations.
  • Identifies the problems of the capital markets and offers solutions.

Training Department;

  • Prepares training programs for the market professionals.
  • Organises training programs for the employees of the Association.,
  • Organises events such as offering free training programs, internships and/or scholarships.
  • Carries out relations with the academia.

Corporate Communications Department;

  • Manages media correspondence and public relations.
  • Organizes national and international meetings, seminars and conferences.
  • Promotes activities of the Association.
  • Designs and runs investor education program.

Information Technologies Department; 

  • Develops the information technology strategies of the Association.
  • Plans and implements the strategies.

Membership Affairs Department;

  • Examines applications for memberships.
  • Provides advice to the Association for members who fail to maintain compliance with membership requirements.
  • Keeps detailed records of members and updates if necessary.
  • Keeps detailed records of disciplinary actions regarding members.
  • Provides advice on annual membership fees and assists General Secretariat.

Human Resources, Administrative and Financial Affairs Department;

  • Manages the administrative, accounting and employment operations of the Association.
  • Follows the payment of membership fees.
  • Handles communication with the third parties.

Participations

CRA

Central Registry Agency Inc. established in 2001 is responsible for registering capital market instruments & rights attached thereon in electronic form with respect to issuers, intermediary institutions and owner of rights. Moreover, it manages and represents the Investors’ Protection Fund. TCMA has 5% stake and holds one seat at the board of directors..

Capital Markets Licensing and Training Agency

Capital Markets Licensing and Training Agency established in 2011 is responsible for organizing capital market licensing exams and preparing training activities. The Association has 49% stake and holds three seats at the board of directors.

Borsa İstanbul

Borsa Istanbul brings together all the exchanges operating in the Turkish capital markets under a single roof.TCMA has 0.3% stake and holds one seats at the board of directors.

Memberships

DOMESTIC

DEİK

Foreign Economic Relations Board (DEIK) was formed in 1988 according to the Law on The Union of Chambers and Commodity Exchanges of Turkey, and Chambers and Exchanges, in order to foster the private sector’s foreign economic relations. Our association became member of the Board in 2008 as “founding institution”.

INTERNATIONAL

ASF

Asia Securities Forum was established in 1995 to exchange views and information among the securities industry in the Asia-Pacific region with the goal of contributing to the development of securities markets and economic growth in the region. The members are mainly representatives of securities dealers associations or securities companies in the Asia-Pacific region. Our Association became a member of the Forum in 2009.

FEAS

Federation of Euro-Asian Stock Exchanges was established in 1995. The members mainly comprise of stock exchanges, central settlement and custody institutions. Our Association became an affiliate member of the Federation in 2009.

ICSA

International Council of Securities Associations is an organization, which represents trade associations and self-regulatory associations for the capital market. The Council was established in 1988 with the aim of contributing the development of the capital markets by coordinating the member associations. Our Association became a member of the Council in 2006.

IFIE

International Forum for Investor Education was created in 2005 to improve investor education on a worldwide basis; provide investors to make informed choices about financial products and investments. Self-regulatory institutions, regulators and non-profit organizations are members of the Forum. TCMA became a member of IFIE in 2009. TCMA is also a founding member of the IFIE/Asia Chapter that was established in 2010 as a regional committee. 

INFE
The OECD International Network on Financial Education (INFE) was established in 2008 to promote and facilitate international co-operation between policy makers and other stakeholders on financial education issues worldwide. TCMA became an affiliate member to the network in 2015.

IFSB

The Islamic Financial Services Board (IFSB), which was established in 2002, serves as an international standard-setting body in the Islamic financial services industry. Supervisory authorities, international organisations and industry participants are members of the Board. Our Association became an observer member of the Board in 2016.

IOSCO
The Association is an affiliate member of the International Organization of Securities Commissions (IOSCO) since 2003. IOSCO aims to promote international regulatory standards in the capital markets.