Press Release dated 26.12.2022 and numbered 2022-53 on the participation of payment and electronic money institutions in the FAST System (“Press Release”) has been published on the website of the Central Bank of the Republic of Türkiye(“CBRT”). According to the Press Release, the Instant and Continuous Transfer of Funds (“FAST”) System, which was designed and...

The Regulation Amending the Regulation on Principles and Rules to be Applied in Retail Trade (“Regulation“) issued by the Ministry of Trade has been published in the Official Gazette dated 07/12/2022 and numbered 32036. With the Regulation, Article 12/Ç has been added to the Regulation on Principles and Rules to be Applied in Retail Trade...

The Turkish Constitutional Court’s (“Court”) decision with application number 2018/16857 (“Decision“) was published in the Official Gazette on November 29, 2022. In the Decision, the claim that the investigation into the complaint of unlawful recording of a non-public conversation was not conducted in accordance with the positive obligations of the state and therefore the right...

Regulation Amending the Regulation on Payment Services and Electronic Money Issuance, Payment Service Providers (“Amending Regulation”) has been published in the Official Gazette dated 25/11/2022 and numbered 32024. With the Amending Regulation: Transition periods in the certain paragraphs of the Provisional Article 1 of the Regulation on Payment Services and Electronic Money Issuance, Payment Service Providers (“Regulation”)...

Communiqué Amending the Communiqué on the Management and Supervision of the IT Systems of Payment and Electronic Money Institutions and the Data Sharing Services of Payment Service Providers in the Field of Payment Services (“Amending Communiqué”) has been published in the Official Gazette dated 25/11/2022 and numbered 32024. With the Amending Communiqué, transition periods in the...