Deadline for Real or Legal Persons to Give Orders through TPSE

The purpose of the Electronic Product Certificate (“EPC”) Regulation (“Regulation”) is to track, transfer, modify, cancel, and ensure the security of electronic product certificates created by licensed warehouse operators for products delivered and accepted for storage. The Regulation also aims to regulate the licensing and supervision of the organizations carrying out these operations. According to the Regulation, it is stipulated that the EPC can be created through the system by a licensed warehouse operator for products delivered and accepted for storage.

EPC is an equivalent to a printed product certificate and holds the same rights and obligations as this product certificate.

In EPC transactions, an authorized clearing center is established within the commodity exchange to carry out tasks such as matching transactions, delivery of the traded EPCs, and ensuring the rights and obligations of market participants. Alternatively, an agreement may be made with an organization engaged in clearing services, provided that the responsibility arising from the clearing transactions of the exchange is reserved.

Agricultural products converted into EPC are traded on the Turkey Product Specialized Exchange (“TPSE”); this platform brings together buyers and sellers who wish to buy and sell agricultural products. With the amendment published in the Official Gazette No. 32764 on December 26, 2024, the Regulation has extended the deadline for orders related to transactions on TPSE to be placed by real or legal persons  directly conducting the buying and selling, from December 31, 2024, to June 30, 2025.