Custody And Loss Of Securities

Hasan Akıcıoğlu & Ali Sefa Türkmen

In the last few decades, Turkish capital markets have achieved significant growth and become one of the main and most reliable attractions for local and foreign investors. State authorities take the necessary measures to encourage the development of capital markets and ensure investor protection appropriate for the rapid development of the capital markets and the state of the Turkish economy.

In parallel with and as an inevitable outcome of the developments in the Turkish capital markets, the system and principles of securities custody services have become crucial, especially for foreign investors. These have been created in a fragmented regulatory system with the regulation of certain public authorities by the Capital Markets Board (Sermaye Piyasası Kurulu) and the Banking Regulation and Supervision Agency (Bankacılık Düzenleme ve Denetleme Kurumu).