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Turkey’s Banking Legislation Found Compliant with International Basel III Standards

Turkey’s banking legislation has been found to comply with the Third Basel Accord requirements related to risk-based capital and liquidity coverage ratio standards.... [Read More]

OECD Report Names Turkey as Second Largest Source Economy for Counterfeit and Pirated Goods

The 2016 Report on Trade in Counterfeit and Pirated Goods (“Report”) was published on 18 April 2016 by the Organization for Economic Co-operation... [Read More]

Turkish Constitutional Court: 99 Year Easement Does Not Violate Property Rights

Turkey’s Constitutional Court recently ruled that a 99 year administrative easement does not breach property owners’ constitutional property rights. A lower court escalated... [Read More]

Turkey Tightens Regulator Oversight and Powers to Terminate Licenses for Games of Chance

Turkey has amended regulations regarding games of chance, as well as related license agreements. Changes apply to exclusivity of licenses and restrictions on... [Read More]

Turkey Streamlines Financial Reporting for Investment and Real Estate Investment Funds

Turkey has introduced new preparation and disclosure requirements for financial reports by investment funds, as well as a complete exemption for foreign investment... [Read More]

Turkey Ratifies Supervisory Authority and Transborder Data Flow Aspects of the International Convention on Automatic Processing of Personal Data

In 1981, Turkey signed the Convention for the Protection of Individuals with Regard to Automatic Processing of Personal Data (“Convention”) at Strasbourg. In... [Read More]

Turkey Approves 2016-2019 Strategy and Action Plan for Automotive Sector to Increase Global Competitiveness

A Strategy and Action Plan for the Turkey’s Automotive Sector (“Action Plan”) has been approved by the High Planning Council for the 2016-2019... [Read More]

Turkey Introduces New Requirements for Derivative and Leveraged Transactions by Investment Enterprises

Turkey’s Capital Markets Board has updated a range of operational, disclosure and notification requirements for intermediary institutions and portfolio intermediary institutions. Related requirements... [Read More]

Turkish Competition Authority Considers Movie Cinemas in Sector Report

The Turkish Competition Authority has published a report on movie cinemas, outlining competition law-related conditions in different aspects of the sector, such as... [Read More]

Turkey Amends and Clarifies Collection of Public Receivables

Turkey has amended and clarified the requirements for collecting public receivables. Changes particularly apply to obtaining documents to show an overdue debt, calculating... [Read More]

New Disclosure and Operation Requirements for Investment Enterprises and Intermediary Institutions in Turkey

Turkey’s Capital Market Board (“Board”) has amended regulations for investment enterprises and intermediary institutions. Additional website information disclosures now apply for investment enterprises.... [Read More]

Turkey Introduces Rules for Social Security Institution to Purchase Medical Services

Turkey has introduced regulations outlining principles and procedures for financial arrangements between health care service providers (“Service Providers”) and the Social Security Institution... [Read More]
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