The registration and custody of all securities established in Turkey are carried out by Central Registry Agency (CRA). CRA is the Central Securities Depository of Turkey for the capital markets instruments which are decided to be dematerialized by Capital Markets Board. CRA is applying full registration technique on the basis of the right holders for Turkish Capital Markets Instruments.
CRA was established in 2001 and started the dematerialization process with the dematerialization of mutual funds in April 2005; and continued with the dematerialization of all stocks traded in Istanbul Stock Exchange in 28.11.2005 collectively. Currently, CRA continues its operations as the central registry agency for stocks, mutual funds, private sector debt instruments, exchange investment funds, warrants, and starting from 30 June 2012, for domestic government debt securities.
Information about Dematerialization of Government Debt Securities Starting From 30 June 2012
As is known; by the weekly bulletin numbered 2011/34 published by the Capital Markest Board (Board) on 25/08/2011; and pursuant to the Capital Markets Board resolution dated August 25, 2011 and numbered 832; it is enacted that the domestic government debt securities shall be dematerialized (DGDS) as of June 30, 2012. In this respect; CRA has made an announcement regarding the application for the dematerialization of DGDS and published the General Letter No.580 dated 16.12.2011.
As per the decision taken by the Capital Markets Board; studies conducted within CRA in relation to the system registration of DGDS are completed; and the operation carried for the transfer of assets in the portfolios of our customers to CRA is also completed on 30 June 2012; thus, as of this date, the assets in the portfolios of our customers started to be followed within CRA and in the customer accounts.
Again in the same manner; starting from 30 June 2012; buying/selling (DGDS) and virement transactions carried out by the customers are reflected to their accounts within CRA and started to be followed with CRA and in the customer accounts accordingly.
Information about Mutual Funds and Private Sector Debt Instruments (PSDI)
After CRA’s dematerialization transactions started in 2005, Mutual Funds and Private Sector Debt Instruments are also transferred to the registry system. Starting from the date of implementation, such instruments are reflected to the accounts of our customers within CRA and started to be followed with CRA and in the customer accounts.
Information about CRA’s e-CAS Application
Within the scope of the investor information service developed by the Central Registry Agency (CRA); e-CAS (Electronic Customer Alert System) application is started to be implemented which aims to inform the investors instantly via SMS and e-mail in case of any activity in their investment accounts held in the Central Registry System (CRS) will be commenced. With the new application, the domestic investors non-registering with e-CAS application cannot withdraw/transfer their share certificates from their investment accounts to another account for pledging or securing purposes. In addition to this application, CRA has announced that some transactions of the investors non-registering with e-CAS application will either be prevented or subjected to the approval. For this reason, the domestic investors who are not registered to e-CAS should urgently register themselves to e-CAS application.
Please click here to get detailed information about e-CAS.
You can reach to detailed information about CRA from CRA Call Center (444 0 655) or www.mkk.com.tr web site.
