The Decree Law No. 91 on Securities Exchanges (published in the Official Gazette dated October 6, 1986 and numbered 18183) has been amended by the Decree Law No. 662 (published in the Official Gazette dated November 2, 2011 and numbered 28103 bis.) Accordingly, the board of directors of the ISE will now constitute of seven members instead of the five applicable before the amendment. The president of the board is also the president of the ISE. The president and three members of the board shall be appointed by a joint decree of the relevant minister, prime minister and the president of the Republic further to the proposal of the minister in charge of the CMB.