ERDEM-NEWSLETTER-2018-metin

219 CAPITAL MARKETS LAW Conclusion With the introduction of the Management Communiqué, which determines the procedures and principals applicable to the manage- ment of the information systems, the formation and management of the information systems in a secure, efficient, sustainable manner, and to determine the procedures and principles applicable thereto, are ensured. The scope of the obligations under the Management Com- muniqué includes the institutions established as per, or subject to, the Capital Markets Law. The discussions regarding the obligation to keep the primary system and the secondary system within the Republic of Turkey has been clarified by the CMB for the time being, which we still believe should be further clarified, and in detail. The respective Communiqué regulates the policies for the establishment of the infor- mation systems, operation, management and usage thereof, as well as all types of information security related policies, the responsible parties for the duties, and other details.