The Central Bank of the Republic of Turkey (“CBRT“) published the “Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers” (“Amending Regulation”) and the “Communiqué Amending the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in Payment Services” (“Amending...

The Regulation on Partial Payment in the Individual Pension System (“Regulation“) issued by the Insurance and Individual Pension Regulatory and Supervisory Authority (“SEDDK“) was published in the Official Gazette on 26 September 2023. The Regulation stipulates the application of participants (“participants“) in the individual pension system (“IPS“) to exercise their right to partial payment, the...

  The Information Technologies and Communication Authority (“BTK”) with the Board Decision dated September 5, 2023 approved, accepted, and decided the “Procedures and Principles for Confirmation Procedures Prior to Individual New Subscription Establishment for Internet/TV and Fixed Telephone Services” (“Procedures and Principles”) to be published in the Official Gazette. The Procedures and Principles will enter...

  The Communiqué Amending the General Communiqué of the Financial Crimes Investigation Board (Serial No: 19) (“Communiqué“) (Serial No: 24) (“Amending Communiqué“) has been published in the Official Gazette dated 11.08.2023 and numbered 32276. With the Amending Communiqué, the provisions on remote authentication provided in the Communiqué have been updated. With the third article of...

In accordance with Article 16 of the Personal Data Protection Law No. 6698 (“KVKK” and “PDPL”) as well as Articles 8 and 16 of the Regulation on the Registry of Data Controllers (“Regulation”); the “annual financial balance sheet total” amount, which was accepted as a criterion for the exemption from the obligation to register with...

“Law No. 7456 Amending Certain Laws and Decree Law No. 375 on the Amendment of Additional Motor Vehicles Tax for the Compensation of Economic Losses Caused by the Earthquakes Occurred on 6/2/2023″ (“Amending Law”) has been published in the Official Gazette dated 15.07.2023 and numbered 32249. With the Amending Law, a provisional article (“Provisional Article”)...

The Turkish Constitutional Court’s (“TCC”) Decision No. 2020/67 (“Decision”) has been published in the Official Gazette dated 20.06.2023 and numbered 32148. The Decision includes the individual application regarding Article 15 of the Law on the Protection of Competition No. 4054 (“Law”). With the Decision, it was stated that the Article 15 of the Law violated...