Delivering Correct Information to Our Clients
On Time is Among Our Priorities

SRP-Legal

Delivering Correct Information
to Our Clients On Time
is Among Our Priorities

SRP-Legal

Updates

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The Law No. 7518 Amending the Capital Markets Law”which amends various provisions of the Capital Markets Law No. 6362 (“Law”), was published in the Official Gazette No. 32590 on 02.07.2024 and has entered into force. With this regulation, cryptocurrency asset service providers have been brought under the regulation and supervision of the Capital Markets Board...

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The “Law Amending the Capital Markets Law No. 7518” amending various articles of the Capital Markets Law No. 6362 (“Law”) entered into force after being published in the Official Gazette dated 02.07.2024 and numbered 32590. With the said regulation, crypto asset service providers are subject to the regulation and supervision of the Capital Markets Board...

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Among four significant secondary regulations regarding crypto assets published in the Official Gazette on March 13, 2025, the Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers (III-35/B.1) (“Communiqué”) issued by the Capital Markets Board (“Board”) stands out with its 57 articles. Key regulations in the Communiqué can be summarized as follows:...

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The Banks Association of Türkiye(“TBB”) published the December 2024-Turkey Financial Sector Payment Systems Report (“Report”) on 07.03.2025 on the TBB website. The Report contains comprehensive data on payment systems in Türkiye and the number and amounts of transactions made with payment instruments. In addition, non-branch channel-based data and selected items related to the nature of...

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An amendment was made to the Export Circular by the Ministry of Treasury and Finance with a letter dated January 3, 2022 and put into practice with Additional Article 1, regarding the sale of export proceeds to the Central Bank of the Republic of Turkey (“TCMB”) within the scope of the Ministry’s letter dated February...

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On 03.01.2025, the Personal Data Protection Authority of Türkiye (“Authority”) published on its website the amounts of the Administrative Fines regulated in Article 18 of the Turkish Personal Data Protection Law No. 6698 (“Law No 6698”) increased by the revaluation rate determined and announced for the years 2017-2025 in accordance with the provisions of the...

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As a result of the amendments dated 02.03.2024 to the Law No. 6698 on the Protection of Personal Data(“Law No. 6698”) an Information Note on the Implementation of Misdemeanors in Terms of Time within the Scope of the Amendments to the Law No. 6698 on the Protection of Personal Data dated 02.03.2024 has been prepared...

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On February 5, 2025, the Personal Data Protection Authority (“Authority”) published the Public Announcement on Matters to Be Considered in Standard Contracts for the Transfer of Personal Data Abroad (“Announcement”) on its website. The Announcement contains the Authority’s guidance regarding certain events encountered in submissions for Standard Contracts to the Authority. In the Announcement, the...