The Capital Markets Board of Turkey (CMB) (Turkish: Sermaye Piyasası Kurulu) is the financial regulatory and supervisory agency of Turkey. Its board is appointed by the Turkish finance ministry. The CMB was created in 1982 with the passing of the Capital Markets Law (CML) in 1981. This was followed by a number of further laws and decrees that expanded its functions and responsibilities. The most significant of these changes was Law No. 4487 which was passed in December 1999, which brought in a set of amendments to the Capital Market Law expanding the duties and the scope of authority. This included increased consumer protection and changes to allow dematerlisation of stocks and other changes to make the markets more flexible and able to use information technology. More information...
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