The Regulation on Official Announcements and Advertisements (“Regulation“) of the Directorate General of the Press Advertisement Agency (“Directorate“), which aims to determine the qualifications and duties of periodicals in which official announcements and advertisements will be published and to ensure their distribution without discrimination of opinion and jurisprudence, was published in the Official Gazette dated...

Communiqué on Redetermination of Minimum Equity Amounts of Payment and Electronic Money Institutions (“Communiqué“) which was issued by the Central Bank of the Republic of Turkey has been published in the Official Gazette dated 28.01.2023 and numbered 32087. The Communiqué amends the minimum equity requirement amounts set for certain institutions in Article 33(1) of the...

The Communiqué (Serial No: 22) Amending the General Communiqué of the Financial Crimes Investigation Board (Serial No: 5) (“Amending Communiqué”) has been published in the Official Gazette dated 14.01.2023 and numbered 32073. The General Communiqué of the Financial Crimes Investigation Board (Serial No: 5) (“Communiqué”) stipulates life insurances relating to which obliged parties may conduct...

Regulation Amending the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism (Decision Number: 6702) (“Amending Regulation”) has been published in the Official Gazette dated 14.01.2023 and numbered 32073. Pursuant to the Regulation on Measures to Prevent Laundering Proceeds of Crime and Financing of Terrorism (“Regulation”), which was put into...

The Network and Information Systems (NIS) 2 Directive (“NIS 2 Directive”) has been published in the Official Journal of the European Union (“EU”) on 27 December 2022. The NIS 2 Directive aims to strengthen, expand and harmonise the existing cybersecurity framework in the EU. The NIS Directive (Directive 2016/1148/EC) (“NIS 1”) which the NIS 2...

The Regulation on the Electronic Commerce Intermediary Service Providers and Electronic Commerce Service Providers (“Regulation”) has been published in the Official Gazette dated 29 December 2022 and numbered 32058 by the Ministry of Trade. The Regulation regulates the obligations of electronic commerce intermediary service providers and electronic commerce service providers, unfair commercial practices in electronic...