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Turkey Clarifies Restrictions on Independent Auditors
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has softened restrictions for individuals working as independent auditors. The new rules clarify the... [Read More]
Turkey’s Tobacco and Alcohol Regulator Increases Compliance and Service Fees 3.83% for 2017
Turkey’s Tobacco and Alcohol Market Regulatory Board has increased compliance and service fees by 3.83% for 2017. Increases apply to compliance and service... [Read More]
Turkey Adds World Customs Organization Harmonized System’s Classification Decisions to Customs Regime
Turkey’s Ministry of Customs and Trade (“Ministry”) has added the “World Customs Organization Harmonized System’s Classification Decisions” to the Customs General Communiqué Serial... [Read More]
Turkey Updates Arrangements for Real Estate Certificates, Introduces Two Year Fee Waiver for Publicly Owned Share Issuers
Turkey’s Capital Market Board (“Board”) has continued amendments for real estate matters (more), now focusing on real estate certificates. Changes apply to rights... [Read More]
Turkish Competition Authority Signals Certain Information Transfers in the Insurance Market May Require Individual Exemptions
The Turkish Competition Authority recently published a decision about a negative clearance/individual exemption application for an agreement between two competing insurance companies. The... [Read More]
Turkish Trade Remedies – March 2017
An overview of notable decrees by the Council of Ministers and communiqués by the Ministry of Economy regarding prevention of unfair competition in... [Read More]
Turkey Updates Licensing Rules for Renewable Energy Resource Areas
Turkey’s energy regulator has updated the electricity market license regulatory regime. The changes relate to integration of general principles for production licenses and... [Read More]
Turkey Updates Regulations for Food Labelling and Nutrition Information in line with European Union
Turkey has updated its regulatory regime for food labelling and nutrition information, to become in line with the European Union’s approach. The new... [Read More]
Turkey Amends Principles for Health-related R&D Tenders
Turkey has amended principles for health-related R&D tenders. The changes apply to procurement of R&D services by the Ministry of Health, within the... [Read More]
Turkey Reduces Weight Threshold Where Imports Become Exempt From Surveillance Measures
Turkey’s Ministry of Economy has reduced the weight threshold for imports to be exempt from surveillance measures. Accordingly, the exemption threshold for goods... [Read More]
Turkey Amends Calculation Method for Retail Energy Sale Prices
Turkey has amended procedures and principles for calculating electricity retail prices. The nature of costs taken into account when calculating the retail sale... [Read More]
Turkey Introduces Additional Condition for Determining Market Abuse
Turkey’s Capital Markets Board (“Board”) has introduced an extra condition for actions which will be deemed to constitute market abuse. Accordingly, the perpetrator... [Read More]