Amendments Made to the Regulation on Authorization in the Electronic Communications Sector

The Amending Regulation for Regulation on Authorization in Electronic Communications Sector (the “Regulation”) was published in the Official Gazette dated May 1, 2021.

International Comparative Legal Guide – Project Finance 2021

We are delighted to announce that our Banking & Finance team has contributed to the Turkey Project Finance 2021 Chapter of the International Comparative Legal Guides. Free access is now available.

Money Laundering Regulation is Expanded to Cover Crypto Asset and Saving Finance Companies

By the Regulation Regarding the Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism published at the Official Gazette..

New Era in Banking: Branchless Digital Banking

Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Media..

The First Crypto Asset-Related Regulation of Turkey Has Been Published: Payment Institutions Will No Longer Engage in Crypto-Related Transfers!

The first crypto asset regulation of Turkey, the Regulation on Non-Use of Crypto Assets in Payments (the “Regulation”) has been published in the Official Gazette dated April 16, 2021. So, does cryptocurrency trading have been banned with the Regulation as of April 31, 2021?

Amendments Made to the Capital Movements Circular

Capital Movements Circular (“Circular”) has been amended with a letter of T.R. Ministry of Treasury and Finance on 16.03.2021.

Savings Finance Companies Have Recently Been Introduced to the Turkish Financial Market

Law amending the Law on Financial Leasing, Factoring and Financing Companies and Other Laws (“Amending Law”) entered into force on March 7, 2021.

Loan Utilization and Prepayment Fees are Recently Amended

The Regulation on Remote Working (“Regulation”) is issued by the Ministry of Family, Labor and Social Services in accordance with Article 14 of the Labor Law (“Law”).

RECENT DEVELOPMENTS ON THE PRACTICES OF SIGNATURE DECLARATIONS

In relation to the practices of signature declarations, (i) Turkish Commercial Code No. 6102 (“TCC”) was amended on February 3, 2021 and (ii) the Communiqué on the Execution of the Incorporation Articles of Association of Companies in Trade Registry Directorates (“Communiqué”) was amended on February 20, 2021 .