JSDA and the Association of Capital Market Intermediary Institutions of Turkey (TSPAKB) sign Memorandum of Understanding

The Japan Securities Dealers Association (JSDA) and the Association of Capital Market Intermediary Institutions of Turkey (TSPAKB)* signed a memorandum of understanding (MoU) to develop the relationship that already exists between them in order to address a number of issues that arise in the international markets. The agreement was signed by Mr. Tetsuo Mae, Chairman of the JSDA and Mr. Attila Köksal, Chairman of the TSPAKB on June 12, 2012 in Copenhagen on the occasion of the 25th Annual Conference of International Council of Securities Associations (ICSA), of which the two associations are members.

Under the signed MoU, the two associations will exchange information on the securities markets that each association represents, on the following topics:

• Law and regulation relating to financial investment business and markets
• Efficient trading practices and mechanism
• Development of new investments and services, and
• Investor education

Furthermore, the two associations will further strengthen the ties between the two markets through the following activities:

• Visits and meetings of senior officials and/or staff of the two associations
• Cooperation in and co-hosting events and seminars for capital markets and industries
• Promotion of cross border cooperation and information exchange among market participants, and
• Expressing common interests and producing materials for international forums in which the two associations participate

In addition to the above, the two associations will consult and cooperate with each other, when deemed necessary, on other mutual concerns.

The two associations believe that this MoU constitutes a new and important step for them to work more closely in coping jointly with changes in international markets and increasing the fairness and efficiency of the securities markets that they represent, as well as further improving the integrity of Asian markets.

*The Association of Capital Market Intermediary Institutions of Turkey (TSPAKB) has been established to act as a self-regulatory organization in Turkish capital markets in April 2001.
The TSPAKB has been established according to the Capital Market Law. Meanwhile, the Statute of the Association became operational through a Government Decree, dated January 8, 2001.
All financial intermediary institutions that are authorized for capital market operations are members of the TSPAKB. The TSPAKB has currently 142 members: 101 brokerage firms, 1 derivatives brokerage firm and 40 banks.