NEW DEVELOPMENTS IN MINING LAW AND NATURAL GAS MARKET

Amendments to the Mining Law and Natural Gas Market Law are underway.
Currently, for an exploration license to be transformed into an operation license, Article 24 of the Turkish Mining Law No:3213 requires a report to be prepared in accordance with the National Minerals Resource and Reserve Planning Code (UMREK) for all groups of mines

New Amendments to the Regulation on Insurance and Reinsurance Brokers

New amendments made to the Regulation on Insurance and Reinsurance Brokers are published on 18.01.2024. The amendments introduced the Insurance and Private Pension Supervisory and Audit Authority and Board into the lexicology of the regulation. Other amendments may be summarized as follows:

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.