Further to an amendment to the Communiqué regarding Principles for Intermediation Activities and Intermediation Firms (Serial: V, No: 46) on 6 May 2011, the scope of the licence for the intermediation for purchases and sales of derivative instruments has been amended. Accordingly, the previous version of the Communiqué stated that the license owner was only capable of intermediating in transactions involving derivative instruments not traded in local markets. According to the amendment, such a license can be used for the purchase and sale of derivative instruments that are not based on Istanbul Stock Exchange (the “ISE”) indexes or securities traded on the ISE.