ANNOUNCEMENT 05 Jan 2018

The Capital Market Board via two Communiqués published in Official Gazette number 30292 on 5 January 2018, for the first time obliged public entities and capital market institutions situated in Turkey to introduce domestically-located information systems.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Official Gazette.Communiqué on Information Systems Management number VII-128.9. Turkish.http://www.resmigazete.gov.tr/eskiler/2018/01/20180105-9.htm

Official Gazette. Communiqué on Independent Audit of Information Systems number III-62.2.Turkish. http://www.resmigazete.gov.tr/eskiler/2018/01/20180105-8.htm

Lexicology. 2018.Turkey’s Capital Markets Board Announces Rules for Managing and Auditing Information Systems.https://www.lexology.com/library/detail.aspx?g=5eb891bb-b4b4-40f0-bdbd-fd54102cc825

Morogly Arseven. 2018.Turkey’s Capital Markets Board Announces Rules for Managing and Auditing Information Systems.http://www.morogluarseven.com/magazette/ma-gazette-edition-60-1-february-2018

Inception date: 05 Jan 2018 | Removal date: open ended

Local operations

On 5 January 2018, the Capital Market Board of Turkey introduced an amended set of rules aimed to guide the managing and auditing processes of information systems.

 

These amended set of rules for the first time require the bellow listed institutions to establish and maintain their primary and secondary information systems exclusively within the Turkish jurisdiction:

  1. Publicly held companies (including public partnerships)
  2. Pension mutual funds,
  3. Custodians,
  4. Capital market institutions,
  5. BORSA İstanbul A.Ş,
  6. Stock market, market operators, and other markets,
  7. Istanbul Takas ve Saklama Bankası A.Ş,
  8. Central Registry Agency,
  9. Capital Markets Licensing Agency,
  10. Turkey Capital Markets Association,
  11. Turkey Valuation Experts Association.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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