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ARTICLE · 24 OCTOBER 2017

New To Takasbank's Scope Of Activity

Eryurekli Law Office
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This Legal Alert aims to set out the new role of Takasbank as a securities settlement system operator in accordance with the recent Resolution of Central Bank of the Republic of Turkey published in the Official Gazette on 18 October 2017.

TurkeyFinance and Banking
Eryürekli Attorney Partnership
Eryürekli Attorney Partnership
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This Legal Alert aims to set out the new role of Takasbank as a securities settlement system operator in accordance with the recent Resolution of Central Bank of the Republic of Turkey published in the Official Gazette on 18 October 2017.

As is known to all, Istanbul Settlement and Custody Bank ("Takasbank") has been granted with the required license to operate securities settlement systems and to conduct several additional services pursuant to the Article 17 of the Regulation on Operations of Payment and Securities Settlement Systems ("Regulation"). As per this Regulation, Takasbank, as a system operator, may provide further services that are indirectly related to the operation of the system or activities and not essentially connected with the operation of the system, but that develop, secure and facilitate the activities of the system participants.  In line with the respective term of the Regulation, Central Bank of the Republic of Turkey ("TCMB") published a

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