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...

The Information and Communication Technologies Board Decision (“Decision”) has been published in the Official Gazette on 01.04.2023 by the Information and Communication Technologies Authority (“Authority”) regulating the procedures and principles regarding social network providers. The Decision aims to determine the obligations of the social network provider and the procedures and principles regarding the implementation of...

The Constitutional Court’s 2020/67 case numbered decision (“Decision”) has been published in the Official Gazette dated 30.03.2023 and numbered 32148. The Decision involves the concrete norm control of certain articles of the Law No. 7246 on the Amendment of the Law on the Protection of Competition (“Law”). The decision annulled certain provisions of Provisional Article...

Turkey FinTech Guide 2023 (“Guide”), designed as an introductory document for the Turkish fintech ecosystem and a guiding resource for fintech startups and investors, has been published by the Finance Office of the Presidency of the Republic of Turkey. The guide consists of two parts. The first part covers the factors that will bring Turkey...

Communiqué (Communiqué No: 2023-32/67) Amending the Communiqué (Communiqué No: 2008-32/34) Regarding the Decision No: 32 on the Protection of the Value of Turkish Currency (“Amending Communiqué”) has been published in the Official Gazette dated 23.02.2023 and numbered 32113. The second sentence of paragraph 2 of Article 6 of the Communiqué (Communiqué No: 2008-32/34) Regarding the...

The Regulation Amending the Regulation on the Fees to be Charged under the Law No. 1567 on the Protection of the Value of Turkish Currency (“Amending Regulation”) has been published in the Official Gazette dated 23.02.2023 and numbered 32113. The definition of “Refinery” has been added to the first paragraph of Article 3 of the...

Regulation Amending the Regulation Regarding the Receipt and Distribution of Official Announcements and Advertisements in Electronic Medium (“Amending Regulation”) has been published in the Official Gazette dated 01.02.2023 and numbered 32091. The provision of the Regulation Regarding the Receipt and Distribution of Official Announcements and Advertisements in Electronic Medium (“Regulation”) regarding the distribution of official...

The Central Bank of the Republic of Turkey’s (“CBRT”) Guidelines on Data Sharing Services for Payment Services (“Guidelines”) has been published on December 30, 2022. Article 12, paragraph 1 of the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (“Law“) added the following two main services to the...

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...