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...

The Regulation on Cyber Security Competency Model in the Energy Sector (“Regulation”) has been published in the Official Gazette dated 06.06.2023 and numbered 32213. The Regulation on Cybersecurity Competency Model in the Energy Sector published by the Energy Market Regulatory Authority (“EMRA”) aims to improve the cybersecurity of industrial control systems used in the energy...

The Regulation Amending the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relationship in Electronic Environment (“Amendment Regulation”) has been published in the Official Gazette dated 25.05.2023 and numbered 32201. With the Amending Regulation, the definitions of “Real Beneficiary,” “Central Registry Registration System (MERSIS),” “Trade Registry Gazette” and “Legal...

The European Council (“Council”) has published a press release on 16 May 2023, announcing that the Markets in Crypto-Assets Regulation (“MiCA”) which was proposed by the European Commission on 24 September 2020 has been approved. With this long-awaited approval, the European Union (“EU”) regulates crypto-assets, crypto-asset issuers and crypto-asset service providers under a legal framework...

In April 2023, the Competition Authority published the “Reflections of Digital Transformation on Competition Law” (“Guide”). The Guide aims to provide a forward-looking roadmap on the application of Turkish competition law in digital markets and the challenges and policy changes needed in these markets, which will be of interest to a wide range of stakeholders,...

The Regulation Amending the Regulation on Private Pension System (“Amending Regulation”) has been published in the Official Gazette dated 28.03.2023 and numbered 32146. The Amending Regulation amended the Regulation on Private Pension System (“Regulation”) published in the Official Gazette on 01.12.2021. With the Amending Regulation, an addition has been made to Article 10, which stipulates...

The Regulation Amending the Regulation on Principles Regarding the Establishment and Activities of Pension Mutual Funds (“Amending Regulation”) was published in the Official Gazette dated 10.03.2023 and numbered 32128. The Amending Regulation amended the Regulation on Principles Regarding the Establishment and Activities of Pension Mutual Funds (“Regulation”) published in the Official Gazette on 13.03.2013. Paragraph...