Bilateral Memorandum of Understanding Signed Between Capital Markets Board of Turkey and the Securities and Exchange Commission of Pakistan

A Memorandum of Understanding (MoU) has been signed between the Capital Markets Board of Turkey (CMB) and the Securities and Exchange Commission of Pakistan (SECP).

The MoU, which has been signed by Chairman of the CMB, Dr. Vedat Akgiray and Chairman of the SECP, Muhammad Ali, at CMB's Istanbul Representative Office on 14 September 2011, aims to foster the cooperation and exchange of information between the authorities of the two countries.

In his speech at the signing ceremony, CMB Chairman Dr. Vedat Akgiray stated that CMB attaches great importance to international relations and increases its efforts of cooperation between other countries. Besides, he stated that the MoU signed with Pakistan is the 29th one made for this purpose and this collaboration will continue in an increasing trend.

SECP Delegation has also visited Istanbul Stock Exchange, Association of Capital Market Intermediary Institutions Turkish Derivatives Exchange, Istanbul Gold Exchange, Central Registry Agency, Istanbul Settlement and Custody Bank, Association of Turkish Intermediary Institutions and Corporate Governance Association during their Istanbul program. It is believed that these visits will be strengthened the bilateral relations between two countries and help the presentation of Turkish capital markets.