The Turkish Capital Markets Association (TCMA)

The Association of Capital Market Intermediary Institutions of Turkey was established in March 2001 as a self­regulatory organization in the Turkish capital markets. The brokerage houses and banks that are authorized for capital market operations constitute the members of the Association. Aims of the Association:

• Contribute to the development of the capital markets,
• Facilitate solidarity among its members,
• Safeguard prudent and disciplined conduct of business by its members,
• Prevent unfair competition,
• Enhance professional know­how. Activities of the Association:
• Establish professional rules and regulations,
• Propose changes in capital market rules and regulations,
• Set safety measures to prevent unfair competition,
• Conduct investigations,
• Impose disciplinary action,
• Conduct research and offer educational programs,
• Assist in the resolution of disputes arising from off­exchange transactions among its members or between its members and investors,
• Cooperate with related foreign institutions.