LEGAL STRUCTURE OF INVESTOR COMPENSATION CENTER (ICC), AS A CAPITAL MARKET INSTITUTION

The Investor Compensation Center (ICC) has played an important role during “dematerialization” in Turkey. The “dematerialization process” of capital market instruments, caused some serious legal problems, in almost every country. Although the dematerialization of capital market instruments has been regulated by former Capital Market Law No. 2499 published in the Official Gazette number 17416 on July 30, 1981, The Investor Compensation Center was established by the Capital Market Law No. 6362, published in the Official Gazette number 28513 on December 30, 2012. Structure, administration and representation of the ICC, alteration of traditional negotiable instrument law and physical system, the principles related to dematerialization established by the Capital Market Board, legal issues during dematerialization, scope of compensation, compensation procedure have been evaluated, in this paper. The aim of the paper is to examine thoroughly the legal structure and operation of the ICC and its functions in Turkish Capital Market Law.

Anahtar Kelimeler:

Dematerialisation, Capital Market Act, Compensation, Investor

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