Duties of a Commodity Exchange

According to the Law No:5174 the duties of the exchanges are;

a-      Regulating and registring the materials that are included in the exchange.

b-     Fixing and announcing the prices of the materials that are in the exchange on a daily basis.

c-      Making general regulations taking effect with the approval of the Union that show the trading sides’ obligations in deliveries and acquisitions, conditions of liquiditation of the dealings, conditions on prices and methods that will be followed on disputes.

d-     Following market prices on foreign exchanges and guiding their members on electronic trading and web.

e-      Arranging and approving the documents on the page 51.

f-       Setting up laboratiories or technical bureaus or joining in the ones already set up to determine the types and qualities of the products that are included in the exchange.

g-      Determining the customs, manners and practices, submitting to the approval of the Ministry and announcing them.

h-      Making proposals, requests and applications to the related offices on exchange related topics; presenting cases on behalf of the members or the exchange itself in case of benefits for their members.

i-        Watching for the deals, decisions or actions that can break competition, and informing the related offices if detected.

j-       Carrying out works in the limits of working areas given to ministries or other public organizations in case of their resignation.

k-      To provide documents their members need and giving related services in necessity.

l-        Evaluating the applications on domestic fairs and making proposals to the Union.

      m-    To carry out works given by other legislations and duties given by the Union or the Ministry in the frame of related laws.

      (Unofficial Translation)