INTERMEDIATION CONSORTIUM

It is essential that the public offer of the capital market instruments is performed via institutions authorized to perform investment services and activities by The Capital Markets association of Turkey. Also, sales of capital market instruments and such obligations as payment of principal and interests are required to be performed through the authorized institution acting as an underwriter in public offering or through other authorized institutions. In some public offers, the multitude of capital market instruments paves the way to the collaboration of more than one authorized institution. In this way, not only are the financial risks shared, but also capital market instruments are made available to more investors. The unities that are formed by authorized institution to perform a certain act of underwriting the public offering process by are referred as „intermediation consortium‟. In this article, The Capital Markets Law numbered 6362, published and came into force on 30.12.2012, and its provisions regarding intermediation consortium, its leader and members are discussed.