Financial Crime World

Turkey’s Central Registry Agency Keeps Track of Stock Exchange Information

In a move to increase transparency and accountability, Turkey’s stock exchange information is now kept by the Central Registry Agency (CRA). This means that investors and regulators can easily access key details about companies listed on the exchange.

Improving Transparency

According to a recent report, the CRA has made significant strides in improving its registry system. The agency’s online platform, MERSIS, provides free or nominal fee access to a wide range of information, including:

  • Company names
  • Entity numbers
  • Types of legal entities
  • Current status
  • Officer/Director Information (including power of representation)

Exceptions and Access Channels

However, not all companies are required to disclose their shareholder information. Unlisted anonym companies, which make up a significant portion of Turkey’s business landscape, remain exempt from this requirement.

To facilitate information sharing between foreign authorities and Turkish institutions, the CRA has established several channels for accessing legal entity and relevant individual information, including:

  • Information/Intelligence Sharing Inquiry
  • Mutual Legal Assistance Request
  • Interviews with Relevant Individuals

Financial Intelligence Unit

The Financial Crimes Investigation Board (MASAK), Turkey’s Financial Intelligence Unit, plays a key role in sharing financial information with foreign authorities using the Egmont Secure Website. The Directorate General for International Law and Foreign Relations of the Ministry of Justice serves as the central point for mutual legal assistance in Turkey.

Experts’ Views

Experts say that this increased transparency will help to promote stability and confidence in Turkey’s capital markets.

Accessing Information

The CRA’s online platform, MERSIS, provides access to publicly available information about companies listed on the Turkish stock exchange. The following information is available online:

  • Name of Legal Entity
  • Entity Number (if any)
  • Type of Legal Entity
  • Current Status (active, etc.)
  • Officer/Director Information (including power of representation)

However, some information may only be accessible through other channels or requires a pre-registration process. This includes:

  • Date of Incorporation
  • Principal Address of Business
  • Principal Purpose of Business
  • Registered Capital
  • Shareholder/Member Information
  • Articles of Incorporation
  • Application/Certificate of Formation

Other Sources of Information

In addition to the CRA’s online platform, foreign authorities can access information on Turkish legal entities and individuals through various other channels, including:

  • Financial Crimes Investigation Board (MASAK)
  • Directorate General for International Law and Foreign Relations of the Ministry of Justice
  • Interviews with relevant Individuals
  • Records/Documents

Conclusion

By providing easier access to financial information, Turkey aims to strengthen its position as a major player in the global economy. This increased transparency is expected to promote stability and confidence in Turkey’s capital markets, making it an attractive destination for investors and businesses alike.