PUBLICATIONS

THE REGULATION ON SHOPPING MALLS

The Ministry of Customs and Trade (“Ministry”) published the Regulation on Shopping Malls (“Regulation”) in the Official Gazette dated 26.02.2016 and numbered 29636 in order to determine the qualifications of shopping malls and lay down the procedures and principles to be applied in relation to their openings, activities and audits. The Regulation has been enacted on the basis of the Retail Trade Act No. 6585 which entered into force on 29.01.2015.
 

EFFECTS OF THE NEW RETAIL TRADE ACT No. 6585 ON SHOPPING MALLS

The long-awaited Retail Trade Act No. 6585 (“Retail Trade Act”) has been published in the Official Gazette today (29.01.2015) and introduced many adjustments that would affect the shopping mall sector. As per the new legislation, shopping malls are included within the definition of retail business.