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LEGAL STRUCTURE OF INVESTOR COMPENSATION CENTER (ICC), AS A CAPITAL MARKET INSTITUTION

Year 2019, Volume: 6 Issue: 6, 631 - 644, 30.06.2019

Abstract

The Investor
Compensation Center (ICC) has played an important role during
“dematerialization” in Turkey. The “dematerialization process” of capital
market instruments, caused some serious legal problems, in almost every
country.



Although the
dematerialization of capital market instruments has been regulated by former
Capital Market Law No. 2499 published in the Official Gazette number 17416 on
July 30, 1981, The Investor Compensation Center was established by the Capital
Market Law No. 6362, published in the Official Gazette number 28513 on December
30, 2012.



Structure,
administration and representation of the ICC, alteration of traditional
negotiable instrument law and physical system, the principles related to
dematerialization established by the Capital Market Board, legal issues during
dematerialization, scope of compensation, compensation procedure have been
evaluated, in this paper.



The aim of the paper is to examine thoroughly the
legal structure and operation of the ICC and its functions in Turkish Capital
Market Law.

References

  • ER, Ali Sami, Renewed Communique and Guide for Disclosure of Material Events, http://www.erdem-erdem.av.tr/publications/law-post/renewed-communiqu%C3%A9-and-guide-for-disclosure-of-material-events/ POROY, Reha/TEKİNALP, Ünal, Kıymetli Evrak Hukuku Esasları, İstanbul 2013. ÖCAL, Öykü, Sermaye Piyasası Araçlarında Kaydileştirme ve Mülkiyet Sorunu, https://tr.linkedin.com/pulse/sermaye-piyasas%C4%B1-ara%C3%A7lar%C4%B1nda-kaydile%C5%9Ftirme-ve-m%C3%BClkiyet-%C3%B6yk%C3%BC-%C3%B6cal ÖZDEMİR, Elif Demirel, Sermaye Piyasası Uyuşmazlıklarinin Alternatif Yöntemlerle Çözümünde Tahkim, Uzmanlık Tezi, Ekonomik Modelleme ve Konjonktür Değerlendirme Genel Müdürlüğü, Mart 2019, http://www.sbb.gov.tr/wp-content/uploads/2019/04/Sermaye-Piyasas%C4%B1-Uyu%C5%9Fmazl%C4%B1klar%C4%B1n%C4%B1n-Alternatif-Y%C3%B6ntemlerle-%C3%87%C3%B6z%C3%BCm%C3%BCnde-Tahkim.pd TEKİNALP, Ünal, Evraksız Kıymetli Evraka veya Kıymet Haklarına Doğru, BATİDER, C.XIV, S.3, s.1 vd. TEKİNALP, Ünal, Nama Yazılı Payların Devrinde Merkezi Kayıt Kuruluşunun Kayıtlarının Etkisi ve Niteliği, Prof.Dr.Tahir Çağa’nın Anısına Armağan (İstanbul Çağa Vakfı), İstanbul 2000, s.537. TURANBOY, Asuman, Varakasız Kıymetli Evrak, Ankara 1998. TURKISH CAPITAL MARKET ASSOCIATIONS, Handbook of the Turkish Capital Markets, 2016, https://www.tspb.org.tr/tr/handbook-of-the-turkish-capital-markets-yayinlandi/
Year 2019, Volume: 6 Issue: 6, 631 - 644, 30.06.2019

Abstract

References

  • ER, Ali Sami, Renewed Communique and Guide for Disclosure of Material Events, http://www.erdem-erdem.av.tr/publications/law-post/renewed-communiqu%C3%A9-and-guide-for-disclosure-of-material-events/ POROY, Reha/TEKİNALP, Ünal, Kıymetli Evrak Hukuku Esasları, İstanbul 2013. ÖCAL, Öykü, Sermaye Piyasası Araçlarında Kaydileştirme ve Mülkiyet Sorunu, https://tr.linkedin.com/pulse/sermaye-piyasas%C4%B1-ara%C3%A7lar%C4%B1nda-kaydile%C5%9Ftirme-ve-m%C3%BClkiyet-%C3%B6yk%C3%BC-%C3%B6cal ÖZDEMİR, Elif Demirel, Sermaye Piyasası Uyuşmazlıklarinin Alternatif Yöntemlerle Çözümünde Tahkim, Uzmanlık Tezi, Ekonomik Modelleme ve Konjonktür Değerlendirme Genel Müdürlüğü, Mart 2019, http://www.sbb.gov.tr/wp-content/uploads/2019/04/Sermaye-Piyasas%C4%B1-Uyu%C5%9Fmazl%C4%B1klar%C4%B1n%C4%B1n-Alternatif-Y%C3%B6ntemlerle-%C3%87%C3%B6z%C3%BCm%C3%BCnde-Tahkim.pd TEKİNALP, Ünal, Evraksız Kıymetli Evraka veya Kıymet Haklarına Doğru, BATİDER, C.XIV, S.3, s.1 vd. TEKİNALP, Ünal, Nama Yazılı Payların Devrinde Merkezi Kayıt Kuruluşunun Kayıtlarının Etkisi ve Niteliği, Prof.Dr.Tahir Çağa’nın Anısına Armağan (İstanbul Çağa Vakfı), İstanbul 2000, s.537. TURANBOY, Asuman, Varakasız Kıymetli Evrak, Ankara 1998. TURKISH CAPITAL MARKET ASSOCIATIONS, Handbook of the Turkish Capital Markets, 2016, https://www.tspb.org.tr/tr/handbook-of-the-turkish-capital-markets-yayinlandi/
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Details

Primary Language Turkish
Journal Section Makaleler
Authors

Huriye Kubilay This is me

Publication Date June 30, 2019
Published in Issue Year 2019 Volume: 6 Issue: 6

Cite

APA Kubilay, H. (2019). LEGAL STRUCTURE OF INVESTOR COMPENSATION CENTER (ICC), AS A CAPITAL MARKET INSTITUTION. Avrasya Sosyal Ve Ekonomi Araştırmaları Dergisi, 6(6), 631-644.