On 1 December 2021, the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers and the Communique on Information Systems of Payment and Electronic Money Institutions and Data Exchange Services of Payment Service Providers in the Field of Payment Services were published and entered into force. Accordingly, the institutions operating on 1 December 2021 and those that applied for a license prior to this date and are currently authorized to operate, were obliged to comply with the provisions of the Regulation and the Communique by 28 February 2023.
As per the amendment to the Regulation and Communique published today, such transition period has been extended until 30 April 2023.
Originally published February 2023
© Kolcuoğlu Demirkan Koçaklı Attorneys at Law 2020
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
© Kolcuoğlu Demirkan Koçaklı Attorneys at Law 2020
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
