General Information

DEFINITION:

Polatlı Commodity Exchange is a public institution with legal personality, established to deal with the purchase and sale of items included in the Exchange, as well as the determination and announcement of prices, as stated in Article 28 of the Law No. 5174.

DUTIES :

a- To arrange and register the purchase and sale of the substances included in the stock exchange on the stock exchange.

b- To duly determine and announce the daily prices of the items included in the exchange, which are formed in the exchange.

c- To make the general regulations that will come into force with the approval of the Union, indicating the obligations of the buyer and the seller in terms of delivery, receipt and payment, the liquidation conditions of the transactions, the conditions effective on the prices, and the optional arbitration procedures in case of dispute.

d- To follow the domestic and foreign Stock Exchanges and markets, to communicate with prices, to guide its members in electronic trade and internet networks.

e- Arranging and approving the documents in Article 51.

f- To establish laboratories and technical offices to determine the types and characteristics of the substances included in the Exchange, or to participate if established.

g- To determine the customs, traditions and practices related to the stock exchange in their regions, to submit them to the approval of the Ministry and to announce them.

h- To make offers, wishes and applications to the relevant official authorities on the issues related to the activities of the Exchange; to file a lawsuit on behalf of these members or on his own behalf, if all or a part of the members have an interest.

i- To monitor agreements, decisions and practices in the nature of concerted action that may have anti-competitive effects and to notify the relevant authorities in case of detection.

j- To carry out the works given to the ministries and other public institutions and organizations by the legislation, in case they are delivered to the stock exchanges within the framework of the establishment purposes and scope of duty specified in this law.

k- To provide the documents needed by the members and to perform the necessary services related to them.

l- Evaluating the applications to be made about domestic fairs and making an offer to the Union.

m- To carry out duties by the Union and the Ministry within the framework of the relevant laws, with the duties assigned by other legislation.

ESTABLISHMENT:

Polatli Commodity Exchange, T.C. It was established on April 16, 1984 with the permission of the Ministry of Industry and Trade. Following the completion of the organ elections, it became operational on 01 July 1984.