Head of compliance

On 26 February 2021, amendments to the MASAK regulations and communiqués were published in the Official Gazette, pursuant to which financial leasing companies in Türkiye became subject to the obligation to establish a Compliance Program. Oktay Yüksel, the Company’s Head of Internal Control and Compliance, performs the role of Compliance Officer pursuant to Law No. 5549 and the related legislation.

Within the framework of Law No. 5549 and the related legislation, the Head of Internal Control and Compliance, acting as the Company’s Compliance Officer, administers the Compliance Program established to ensure compliance with the regulations and communiqués issued pursuant to the relevant legislation and performs the duties and responsibilities prescribed thereunder. The Head of Internal Control and Compliance also ensures that the Company’s other relevant departments participate in and assume responsibility for regulatory compliance activities in accordance with their respective roles and responsibilities. The Head of Internal Control and Compliance further ensures that compliance risks are assessed, plans are made to achieve and maintain legal compliance, and legal compliance risks are measured, prioritised, evaluated and reported to the Board of Directors.

Within the framework of Law No. 5549 and the related legislation, the Head of Internal Control and Compliance coordinates the monitoring of the Company’s compliance with applicable legal and regulatory requirements and the reporting of potential compliance risks to senior management.

The Head of Internal Control and Compliance also participates, where necessary, in the processes relating to the performance of the work required to ensure the Company’s compliance with applicable legislation—including, in particular, Law No. 6361 on Financial Leasing, Factoring and Financing Companies; Law No. 5549 on the Prevention of Laundering Proceeds of Crime; Law No. 6415 on the Prevention of the Financing of Terrorism; and Law No. 7262 on the Prevention of the Financing of the Proliferation of Weapons of Mass Destruction—and the secondary legislation issued thereunder, as well as in communications with the relevant regulatory bodies.