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The “Document for Prevention of Offences and Crimes Commission” Approved by Exchange High Council

Approval of this document demonstrates the SEO’s concentration on and gives strict priority to prevent market misconduct and to increase market transparency and fairness.

 

Approval of this document demonstrates the SEO’s concentration on and gives strict priority to prevent market misconduct and to increase market transparency and fairness.

This “Document” applies to all market participants including the SROs and will be operated considering their assistance and efforts. “Document for Prevention of Offences and Crimes Commission” has been edited aiming to reach two main goals: to develop soundness of capital market atmosphere, and to extirpate the bases of criminal conducts and offences within the capital market by deploying preventive criminal and non-criminal techniques.

Some of the main methods and techniques highlighted in the said “Document” are given below:

1.      To prepare reporting models and gather data in all fields of capital market, i.e. trading, licenses, communications, supervisions, meetings, prosecutions, crimes, etc.; and updating them on a regular basis,

2.      To introduce and strengthen supervision system, and to early recognition capital market misconducts in order to identify ambiguous and offensive bottlenecks,

3.      To review rules and regulations on a regular basis, including directives, circulars, etc.,

4.      Deregulation and qualitative improvements of regulations,

5.      E-protection via empowering the IT system, introduce terminals and e-processing,

6.      Organizing, integrating and developing licensing processes,

7.      Free access to information in order to increase more transparency and to protect citizenship rights based on the rules and regulations,

8.      To establish preventive offices in the capital market organs and SROs; and to protect, strengthen and develop them,

9.      To review dispute resolution in order to speed up the investigation process,

10.  To increase financial literacy, and general and legal awareness among market practitioners,

11.  To utilize incentives to public, in order to detect market misconducts, violations and crimes,

12.  To develop advisory services.

In order to better implement this “Document”, several steering committees and relative working groups and commissions have been set up.