Revenues of the Fund

The revenues of the Fund are composed of:

• Annual contributions paid by intermediary institutions,
• Temporary contributions determined by the CMB,
• The revenues generated from the Fund assets,
• Administrative fines
• Other revenues.

All intermediary institutions are required to participate in the Fund by paying annual contributions. The annual contributions vary according to different criteria for each intermediary institution.

The conditions for temporary contributions on account, repayment of advances and other subjects are under the authorisation of the Capital Market Board. If the contributions are not sufficient to meet the needs of the Fund, then an advance payment may be required from the intermediary institutions by the Capital Market Board. (This amount shall be reimbursed from the following years’ annual contributions of intermediary institutions). If advance payment made by the intermediary institutions is not sufficient, then the advance payment shall be made by the Istanbul Stock Exchange.

The assets of the Fund may not be used as collateral or guarantees and may not be sequestered by third parties. The assets of the Fund are invested at state banks through government debt instruments, deposits or repo.