The European Council (“Council”) has published a press release on 16 May 2023, announcing that the Markets in Crypto-Assets Regulation (“MiCA”) which was proposed by the European Commission on 24 September 2020 has been approved. With this long-awaited approval, the European Union (“EU”) regulates crypto-assets, crypto-asset issuers and crypto-asset service providers under a legal framework...

In April 2023, the Competition Authority published the “Reflections of Digital Transformation on Competition Law” (“Guide”). The Guide aims to provide a forward-looking roadmap on the application of Turkish competition law in digital markets and the challenges and policy changes needed in these markets, which will be of interest to a wide range of stakeholders,...

The Regulation Amending the Regulation on Private Pension System (“Amending Regulation”) has been published in the Official Gazette dated 28.03.2023 and numbered 32146. The Amending Regulation amended the Regulation on Private Pension System (“Regulation”) published in the Official Gazette on 01.12.2021. With the Amending Regulation, an addition has been made to Article 10, which stipulates...

The Regulation Amending the Regulation on Principles Regarding the Establishment and Activities of Pension Mutual Funds (“Amending Regulation”) was published in the Official Gazette dated 10.03.2023 and numbered 32128. The Amending Regulation amended the Regulation on Principles Regarding the Establishment and Activities of Pension Mutual Funds (“Regulation”) published in the Official Gazette on 13.03.2013. Paragraph...

The Information and Communication Technologies Board Decision (“Decision”) has been published in the Official Gazette on 01.04.2023 by the Information and Communication Technologies Authority (“Authority”) regulating the procedures and principles regarding social network providers. The Decision aims to determine the obligations of the social network provider and the procedures and principles regarding the implementation of...

The Constitutional Court’s 2020/67 case numbered decision (“Decision”) has been published in the Official Gazette dated 30.03.2023 and numbered 32148. The Decision involves the concrete norm control of certain articles of the Law No. 7246 on the Amendment of the Law on the Protection of Competition (“Law”). The decision annulled certain provisions of Provisional Article...

Turkey FinTech Guide 2023 (“Guide”), designed as an introductory document for the Turkish fintech ecosystem and a guiding resource for fintech startups and investors, has been published by the Finance Office of the Presidency of the Republic of Turkey. The guide consists of two parts. The first part covers the factors that will bring Turkey...

Communiqué (Communiqué No: 2023-32/67) Amending the Communiqué (Communiqué No: 2008-32/34) Regarding the Decision No: 32 on the Protection of the Value of Turkish Currency (“Amending Communiqué”) has been published in the Official Gazette dated 23.02.2023 and numbered 32113. The second sentence of paragraph 2 of Article 6 of the Communiqué (Communiqué No: 2008-32/34) Regarding the...

The Regulation Amending the Regulation on the Fees to be Charged under the Law No. 1567 on the Protection of the Value of Turkish Currency (“Amending Regulation”) has been published in the Official Gazette dated 23.02.2023 and numbered 32113. The definition of “Refinery” has been added to the first paragraph of Article 3 of the...

Regulation Amending the Regulation Regarding the Receipt and Distribution of Official Announcements and Advertisements in Electronic Medium (“Amending Regulation”) has been published in the Official Gazette dated 01.02.2023 and numbered 32091. The provision of the Regulation Regarding the Receipt and Distribution of Official Announcements and Advertisements in Electronic Medium (“Regulation”) regarding the distribution of official...