Within the framework of Capital Markets Board of Turkey's (CMB) 'Communiqué Regarding Principles of Submitting Electronically Signed Information, Documents and Notifications to the Public Disclosure Platform', all information and documents to be publicly disclosed must be sent to the PDP.

The system is operated and managed by the MKK-Investor and Corporate Governance Servıces Department on a 7/24 basis. The system covers over  700 companies, 1000 investment funds and 3000 users all over Turkey.

The system is designed to allow everyone to have access to correct, timely, fair and complete information about the Borsa Istanbul companies, over the world wide web simultaneously and at low costs. Furthermore, PDP serves as an electronic archive which allows easy and low-cost access to historical information.

Notifications are submitted to PDP through electronic certificates. Therefore, companies are responsible for keeping a sufficient quantity of valid electronic certificates to allow uninterrupted flow of notifications.

Prior to applying the CMB for an initial public offering or for the initial registration of participation certificates, companies or exchange traded funds (ETFs) must apply the electronic certificate provider for electronic certificates. Electronic certificates are a prerequisite for listing / trading on the Borsa Istanbul.

In addition to Borsa Istanbul companies and ETFs, investment firms, mutual funds, pension funds, real estate investment funds, venture capital investment funds, foreign funds and portfolio management companies may submit notifications to PDP. Independent audit companies, on the other hand, send the electronically signed financial statements for which independent audit is required, to the relevant company electronically in order to be announced to the public.

The system disseminates data on: www.kap.org.tr

Also 21 data vendors disseminates KAP data simultaneously.

The basic features of PDP are as follows:

• Notifications may be viewed in Microsoft word, excel or XML format.
• Detailed information related to the notification may be attached as a PDF document.
• The minimum constituents of a notification on a certain subject may be defined through templates.
• MKK provides a comprehensive help desk service during working hours.

With respect to notification-senders;

• Collection of the notifications by electronic signature in a secure environment,
• Rapid notification of information without any intermediaries,
• Reduction of paper consumption and alleviation of bureaucratic procedures,
• Improving the quality of information through templates,
• Electronic archive query on the basis of type of notification, sender, or subject of disclosure.

With respect to investors;

• Immediate and simultaneous access to information,
• Electronic archive query on the basis of type of notification, sender, or subject of disclosure,
• Rapid access to up-to-date general information about companies through a single channel,
• Facility to compare certain items of the companies' financial statements.

With respect to the regulating authorities;>

• A further step for the regulating institutions to focus on their primary responsibilities,
• Reduction of paper consumption and alleviation of bureaucratic procedures,
• Improving the quality of information by defining the minimum constituents of notifications, and ensuring the disclosure of complete, clear, required and correct information.

Borsa Istanbul companies are required to publicly disclose:

• Their financial statements in accordance with the CMB's 'Communiqué on Accounting Standards in Capital Markets',
• Any material events in accordance with the CMB's 'Communiqué on Principles Regarding the Disclosure of Material Events',
• Any other events required to be publicly disclosed in accordance with the CMB and Borsa Istanbul regulations by means of PDP.

Corporations apply the International Accounting Standards / International Financial Reporting Standards as approved by the European Union. Within this framework, Turkish Accounting Standards / Turkish Financial Reporting Standards published by the Public Oversight, Accounting and Auditing Standards Authority, in compliance with the adopted standards are applied.

Financial reports - Financial reports comprise of financial statements, the board of directors' operating review report and representation letters. Financial reports comprise of financial statements, the board of directors' operating review report and representation letters.

Financial statements, on the other hand, comprise of the statement of financial position, comprehensive income statement, cash flow statement and statement of changes in equity and notes to the financial statements.

Other notifications of Borsa Istanbul companies and ETFs fall in the category of other notifications.

Within the framework of CMB's related 'Communiqués, disclosure requirements of mutual funds, pension funds, foreign funds, asset finance fund and housing finance fund must be fulfilled via PDP.