Share Certificates:
- In the name and on behalf of someone else
- In his own name, on someone else’s account,
- Both on their own behalf and on their own account
persons and founders who have “adopted the profession” of buying and selling and who have obtained the necessary certificate related to this profession Intermediary Institution, Intermediary Person”.
In other countries, institutions and individuals who act as intermediaries on and off the stock exchange are called “broker, dealer jobber, agent, specialist, market maker” (depending on the scale and nature of their work). Since it is not yet known who is what and who does what in Turkey, generalizations such as “intermediary, intermediary institution, stock exchange banker, banker” are made.
According to the existing laws, intermediaries in Turkey are generally categorized into two groups:
Group A Intermediaries: These are intermediaries that can perform “Un-derwriting” and can operate in the Primary Market and the Secondary Market.
Group B Intermediaries: These are intermediaries that can only operate in the Second-Hand Market.
According to the Capital Markets Law, intermediaries must certify to the Capital Markets Board that they fulfill the conditions stipulated in the law and obtain the so-called “Stock Exchange Banking Certificate”.
What this means is this. I am an Intermediary cannot say. Intermediation must be “Documented”. Document Intermediaries owned by the Capital Markets Board supervised.
