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Turkish Capital Markets Association was founded on February 11, 2001, with the Capital Markets Law, and began operations in April 2001. It is a self-regulating professional organization with the status of a public institution.
Our Association includes all of the banks, brokerage firms, portfolio management firms, and investment trusts that operate in the capital market.
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.
In line with the economic goals of our country, to provide the strongest contribution to the Turkish capital markets to be among the developed markets of the world.
The Association was founded under the name the Association of Capital Market Intermediary Institutions of Türkiye (TSPAKB).
TSPAKB website went live.
Professional development training started.
TurkDEX trainings were initiated.
A questionnaire was administered regarding the Capital Market Activities.
The Association joined the International Council of Securities Associations (ICSA).
Global Financial Centers and İstanbul report was released.
The first annual report in English was published.
TSPAKB became the member of Asia Securities Forum, Federation of Euro-Asian Stock Exchanges and International Council of Securities Associations.
The first international conference was organized.
10th edition of the Turkish Capital Market Annual Review was published.
Free training was offered for university students.
The Association was elected as a member of the FEAS (Federation of Euro-Asian Stock Exchanges) Board of Directors.
Association of Capital Market Intermediary Institutions of Türkiye (TSPAKB) acquired its new membership structure with the inclusion of asset management companies and investment trusts, and was renamed Turkish Capital Markets Association (TCMA).
Promotional activities for Türkiye Electronic Fund Trading Platform (TEFAS) were conducted (TEFAS).
“TCMA Capital Markets Award Ceremony” debuted.
The first issue of the international peer-reviewed journal titled “Journal of Capital Markets Studies” was published.
TCMA and The Turkish Association of Appraisers (TDUB) co-published the “International Valuation Standards”.
“Serathon-in Capital Markets Software Marathon”, the first hackathon in the area of capital markets in Türkiye, was held.
Our international peer-reviewed journal titled “Journal of Capital Markets Studies” published in cooperation with the Emerald Publishing Group was made available for open access in EconLit and ERIH PLUS.
20th year of operation completed.
The first carbon-neutral edition of the Turkish Capital Markets Summit was held.
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.
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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 two seats at the board of directors.
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Borsa İstanbul; formerly named as İstanbul Stock Exchange, was founded at the end of 1985. The Exchange was demutualised in 2013 following the enactment of the new Capital Market Law. The capital markets exchanges operating in Turkey, namely İstanbul Stock Exchange, İstanbul Gold Exchange and Turkish Derivatives Exchange (TurkDex) merged under the roof of Borsa İstanbul in 2013. TCMA has 1.3% stake of Borsa İstanbul.
ReviewIn 2020, Birleşik Mortgage Company was established. TCMA has 5% stake of Birleşik Mortgage Company.
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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”.
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Istanbul Arbitration Center (ISTAC) was founded upon the enforcement of the Istanbul Arbitration Center Arbitration Law no. 6570 and dated 20 November 2014, which was published in the Official Gazette issue 29190 dated 29 November 2014. Istanbul Arbitration Center (ISTAC) is an independent, impartial and autonomous institution providing arbitration and mediation services for dispute resolution between commercial actors in Turkey and abroad. The ISTAC’s dispute resolution services are available to all contracting parties, without any membership requirements. The Association has become a member of ISTAC in “General Assembly Member” status.
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Our Association is represented with one member on the Tax Council, which was established to provide the Ministry with feedback on the formulation and implementation of tax policies, and to work on the same.
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Impact Investing Association (Etkiyap), which incorporated in 2020, advocates for policy making, conducts research and helps raise awareness to develop the impact investing ecosystem in Turkey. The Association has became a member of Etkiyap under “Advisory Board Member” status.
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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.
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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.
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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.
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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.
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