Compliance with IOSCO Principles

Compliance with IOSCO Principles

Within the scope of the efforts to regulate the procedures and principles regarding the creation, calculation, publication, execution, supervision and management of Financial Benchmarks in compliance with the "Principles for Financial Benchmarks" of The International Organization of Securities Commissions, in order to get an “equivalence” decision from the European Union (EU) Commission, the Capital Markets Board has made amendments to the “Regulation on Principles of Foundation, Activities, Operations and Audit of Exchanges and Market Operations” and the “Regulation on Principles Relating to Exchange Activities” in line with IOSCO Principles for Financial Benchmarks and in the meeting of the Board of Directors of Borsa Istanbul A.Ş., dated 22/09/2022 and numbered 2022/24, it was decided to accept the “Directive on Financial Benchmarks Compliant with IOSCO Principles”, which was created based on the aforementioned regulations.

Furthermore, in order to comply with the “IOSCO Principles for Financial Benchmarks”, all processes of the Financial Benchmarks have been reviewed, and the following procedures which are prepared based on the “Directive on Financial Benchmarks Compliant with IOSCO Principles”will be effective from 29/09/2022. Relevant principles, regulations, directive and procedures can be accessed from the links below.

Respective Regulations

Please click for IOSCO Principles for Financial Benchmarks.

Please click for The Regulation on Principles of Foundation, Activities, Operations and Audit of Exchanges and Market Operations.

Please click for The Borsa İstanbul A.Ş. Regulation on Principles Relating to Exchange Activities.

Please click for the Directive on Financial Benchmarks Compliant with IOSCO Principles.

Please click for the Financial Benchmarks Management Procedure.

Please click for the Procedure on Prevention of Conflicts of Interest in Financial Benchmarks.

Please click for the Whistleblowing Procedure for Financial Benchmarks.

Please click for the Complaint Procedure for Financial Benchmarks.

Statement of Compliance

Borsa İstanbul has announced statement of compliance with the IOSCO Principles for Financial Benchmarks as of 31/12/2022.