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...

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...