The Capital Markets Board of Turkey (CMB) would like to inform all related parties that the CMB and the United States Securities and Exchange Commission (SEC) have jointly organized a training program titled "Capital Market Development, Enforcement and Oversight Training Program" which is scheduled to take place in Istanbul, Turkey during the 20th - 24th of October 2008.

The program which will be held in Turkey for the first time has been co-organized and co-sponsored by the CMB and the SEC.

The program is designed to be a forum for the exchange of best practices in the development and regulation of capital markets presented through a series of lectures, roundtables and case studies. Senior experts from the U.S. Securities and Exchange Commission and the Capital Markets Board of Turkey as well as speakers from the region will share their insights on capital market development, enforcement, and examination of market participants. The program will also provide the opportunity to explore responses to crises and market abuses and provide observations via comparing and contrasting approaches by regulatory systems around the world, and aim to highlight international best practices. The presenters will use real-world examples of market abuse and inefficiencies to help explore the regulatory, statutory, and other tools that capital market regulators need to address.

The CMB will be responsible for hosting the event and is willing to be host for future ones.

We are well aware of the fact that globalization and increasing international investments require more international collaboration and better understanding of each other. Hence, sharing our experiences and increasing our networks across the world will help us significantly in accomplishing our missions. In this regard, we are open to take up new ideas and offers that will help provide safer, sounder and more efficient financial markets.

With these kinds of international events, it is great honor to be able to contribute to promoting safer and sounder national and international financial markets for a more prosperous world.

Having this opportunity, I would like to thank the U.S. SEC's Chairman, Mr. Christopher Cox, and the SEC's distinguished staff for enabling this program and thank speakers, panelists and participants for their participations and contributions.

Please see details of the program on our web site at www.cmb.gov.tr.

Best Regards,