From the very beginning of the Turkish Financial Technologies (“FinTech”) market to the introduction of new technologies the founder and the managing director of SRP-Legal Att. Dr. Cigdem Ayozger Ongun has been taking an active part in designing products, drafting the laws and regulations and in the preparation of licensing and regulation of the market regulations. In the meanwhile, she has been coordinating with the leading communication companies in Turkey, regarding designing the laws and regulations in line with the strategies of these companies.
Also Dr. Ongun negotiated the Payment System and E-money Law with the relevant authorities i.e. The Central Bank of Turkey, Banking Regulation and Supervision Agency (BRSA), and the Parliament. She also represents the clients before regulators including the Parliament and many other public institutions, and governmental organizations.
She has developed particular expertise in the drafting of legislative and regulatory frameworks to facilitate sector restructuring. Dr. Ongun has been directly involved in legislative procedures in the area of FinTech due to her extensive knowledge on the European Union legislation, as well.
She also assists the preparation of regulatory changes, manages clients’ relationships with the related regulators and where possible, also supports the clients to achieve the related regulatory changes by rendering clarification.
As SRP-Legal, we run licensing issues as well as business strategies in the light of the regulatory requirements and the practices of the regulatory authorities.
We play a major role in the foreign direct investments under the Turkish FinTech industry.
We also have a wide experience in the negotiation processes with the governmental authorities.
In addition to our expertise in the laws and regulations under the FinTech industry, we have considerable experience in the administrative law and are highly qualified to represent the clients before the Presidency of the Council of State, both on the merits of a case and for injunctive relief.
As SRP-Legal, we provide legal counseling on the establishment & implementation of regulation strategies, provide regulatory and legal compliance advice, provide strategic advice on the business matters and transactions, lead all types of institutional and governmental relations, represent the industry players, non-governmental organizations, and the companies before the Parliament, all governmental institutions and independent bodies. We run all kinds of litigation procedures before the Courts of Turkey.