As you are aware, the Exchange commission applicable on Borsa İstanbul Equity Market and Emerging Companies Market have been quite low compared to Borsa İstanbul’s foreign counterparts. In spite of the fact that an increase of 50% has been recently applied on such commission, it is still relatively low compared to the world standards.

Therefore, Borsa İstanbul Board resolved at its meeting no. 2015/3 dated January 29, 2015 to re-arrange the Exchange commission and other fees, and submitted such resolution to the Capital Markets Board for approval. In its letter no. 32992422.299-533-3610 dated April 3, 2015, the Capital Markets Board advised Borsa İstanbul that such resolution was partly approved at the Board’s meeting no. 9 dated April 3, 2014.

Accordingly,

• The basic Exchange commission which is currently applied as 0.15 bps (basis points) on the Equity Market and the Emerging Companies Market will be increased to 0.20 bps.
• The fixed fee of TL 0.01 charged on both the buy and sell sides on every contract realized on the Equity Market and the Emerging Companies Market has been cancelled since in practice, it leads to disputes between investment institutions and their clients.
• Certain Exchange commission items that are determined on the basis of the basic Exchange commission ratio have been re-arranged as depicted in the attached schedule.
• Exchange commission items other than those cited above and fees applicable on correcting erroneous orders, cancelling orders, order worsening and volume decreasing have not been changed.
• The new fee schedule summarized above for the trades on the Equity Market and the Emerging Companies Market will be applicable starting from May 4, 2015.

Please click here for the new fee schedule.

As this new fee schedule goes in force, the relevant Circular of Borsa İstanbul shall become null and void.