The Personal Data Protection Board’s Announcement Ended the SMS Practice of Stores.

The Personal Data Protection Board (“KVKK”) ruled with its announcement dated 17.12.2021 that the processing of personal data at stores by sending a verification code to data subjects via SMS during their shopping is contrary to the legislation. KVKK..

Recent Amendments in the Communiqué re Asset and Mortgage Backed Securities

The Communiqué No:III-58.1.c amending the Communiqué on Asset and Mortgage Backed Securities No: III-58.1 (the “Communiqué) issued by the Capital Markets Board (the “Board”) entered into force on 16 October 2021 through its publication in the Official Gazette.

Recent Developments in Tender Offers

The Communiqué Amending the Communiqué on Tender Offers No. II-26.1 (II-26.1.ç) (“New Communiqué”), the draft of which was published by the Capital Markets Board (the “Board”) on 1 February 2021 on its official website, entered into force on 16 October 2021 through publication in the Official Gazette.

HIGHLIGHTS FROM THE DECISIONS OF PERSONAL DATA PROTECTION BOARD PUBLISHED ON 5 JULY 2021

Regulation on Establishment and Activities of Asset Management Companies and Receivables to be Acquired (‘Regulation’) has been published in the Official Gazette numbered 31541 and dated 14 July 2021, and entered into force.

COMMUNIQUÉ ON PROJECT BASED SECURITIES HAS BEEN PUBLISHED

The Communiqué regulating the principles applicable to the project based securities, their issuance and the incorporation and activities of the project finance funds has been published.

NEW REGULATION ON ACTIVITIES TO BE EVALUATED WITHIN THE SCOPE OF INSURANCE SERVICES AND ON DISTANCE INSURANCE CONTRACTS HAS BEEN PUBLISHED

The new regulation details the rules on the insurances that can be provided linked to goods and services offered by businesses whose primary business activity is not insurance brokerage which is becoming to stand out in practice.

Announcement of the Competition Authority with respect to Notifications regarding Merger and Acquisition Transactions

With the recent announcement of the Competition Authority dated 24.6.2021, it has been declared that with respect to the applications of the transaction parties..

Draft Settlement Regulation Has Been Introduced For Public Review

On March 16, 2021, Turkish Competition Authority published two important communiqués.

The Regulation on Remote Working is issued by the Ministry of Family, Labor and Social Services

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”).