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  • Article

    COVID-19: BRSA Takes New Measures On Risk Calculation

    The Banking Regulatory and Supervisory Authority ("BRSA") has taken a new measure regarding the COVID-19 outbreak in its decision dated April 16, 2020 and no. 8999.
    TurkeyCoronavirus (COVID-19)
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    R&D Intensive SMEs

    As announced at Spring Budget 2023, the government will legislate in a Finance Bill 2023-24 to provide additional R&D tax relief for eligible R&D intensive SMEs. A new credit rate will be available...
    TurkeyCorporate/Commercial Law
    NAZALI Attorney Partnership
    NAZALI Attorney Partnership
Article

Recent Developments In Turkish Capital Markets – January 2023

Certain rules and requirements for the initial public offerings of non-public companies have been determined by the principal decision issued by the Board. Changes to the determination...
TurkeyCorporate/Commercial Law
Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    Updates On The Ban Regarding Foreign Currency Payment In Movable Sale Contracts

    To address the challenges arising from the obligation to make payments in Turkish Lira in sale of goods contracts, which are frequently encountered in commercial life, an amendment was made in 2022...
    TurkeyCorporate/Commercial Law
    Gün + Partners
    Gün + Partners
  • Article

    A New Exception To The Obligation To Bring Loan Proceeds To Turkey

    The Central Bank of the Republic of Turkey introduced an amendment to the Capital Movements Circular ("Circular") on 15 September 2021.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Bankalara Yılbaşı Hediyesi: Sır Niteliğindeki Bilgilerin Paylaşılması Hakkında Yönetmelik'in Yürürlüğe Giriş Tarihi Ertelendi

    "Sır Niteliğindeki Bilgilerin Paylaşılması Hakkında Yönetmelik" ("Yönetmelik") 4 Haziran 2021 tarih ve 31501 sayılı Resmi Gazete'de yayımlanmış ve Yönetmelik'in yürürlüğe giriş tarihi 1 Ocak 2022 olarak belirlenmişti.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Banking & Finance, Restrictions On Commercial TRY Loans

    The Banking Regulatory and Supervisory Authority's ("BRSA") decision dated 07.07.2022 and numbered 10265 regarding the restrictions on commercial loans denominated...
    TurkeyFinance and Banking
    Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
    Pekin Bayar Mizrahi (in alliance with Norton Rose Fulbright)
  • Article

    Banking Regulatory And Supervisory Authority Determined The Risk Weight Of Derivative Transactions Carried Out With Non-Residents

    With its decision dated June 23, 2022 and numbered 10248 ("Decision"), the Banking Regulatory and Supervisory Authority ("BRSA") introduced regulations for residents in Turkey...
    TurkeyFinance and Banking
    LBF Partners
    LBF Partners
  • Article

    BRSA Abolished The Obligation Of Banks To Calculate Their Active Ratio

    On 24 November 2020, with its decision numbered 9271, Banking Regulation and Supervision Agency ("BRSA"), has removed the obligation of Turkish banks to calculate their active ratio on a weekly basis.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Expands Banks' Marketing Channels

    The Banking Regulatory and Supervisory Authority amended the Regulation on the Outsourced Services Procured by Banks ("Regulation") on December 11, 2020.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    BRSA Obliges The Settlement Of Gold Purchases Equal To Or More Than 100 Gram To Be On The Value Date

    On 21 May 2020, Banking Regulation and Supervision Agency ("BRSA"), with its decision numbered 9033...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Takes COVID-19 Precautions For Credit Defaults

    The 90 days default period for loans to be classified as non-performing loans (NPL) is now 180 days.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Changes In Türkiye's Fund Guide Regarding The Participation Funds

    The Turkish Capital Markets Board's new amendments in the Guide on Investment regulates the principles for funds with the "participation"...
    TurkeyFinance and Banking
    Norton Rose Fulbright
    Norton Rose Fulbright
  • Article

    Cheque Presentation Rule Postponed In Turkey To End Of 2020

    The date was postponed by Article 100 of Law number 7061 on Amendments to Certain Tax Laws and other Laws, published in Official Gazette number 30261 on 5 December 2017.
    TurkeyFinance and Banking
    Moroglu Arseven
    Moroglu Arseven
  • Article

    CMB Continues To Provide Flexibility For IPOs: Sale Periods Extended Once Again

    With its decision published in the Bulletin dated June 24, 2021 and No. 2021/31 ("Decision"), the Capital Markets Board of Turkey ("CMB") decided to extend the sale period until July 14, 2021...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    CMB Suspends The Funding Limit On Share Buybacks

    The Capital Markets Board (“CMB”), through its Principle Decision numbered i-SPK 22.9.a (dated 22.09.2026, resolution no. 60/1711) (“Principle Decision”) (CMB Bulletin No. 2026/63), introduced a new regulation regarding the restrictions applicable to share buybacks
    TurkeyFinance and Banking
    Gen Temizer Erdogan Girgin Attorney Partnership
    Gen Temizer Erdogan Girgin Attorney Partnership
  • Article

    FX Payment Ban On Sale Of Goods

    An amendment was published in the Official Gazette on April 19, 2022 altering the Communiqué No. 2008-32/34 on the Decree No. 32 on the Protection of the Value of Turkish Currency.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    Goods Can Now Be Paid In Foreign Currency

    An amendment, entering into force on the same date of its publication, was published in the Official Gazette on April 19, 2022 altering the Communiqué No. 2008-32/34 on the Decree No. 32 on the Protection of the Value...
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Article

    New Restrictions On Commercial TRY Loans

    The Banking Regulatory and Supervisory Authority's ("BRSA") decision in Turkey, dated July 7th, 2022 and numbered 10265, regarding the restrictions on commercial loans denominated in ...
    TurkeyFinance and Banking
    Norton Rose Fulbright
    Norton Rose Fulbright
  • Article

    Nihayet Kanunlaştı: Proje Finansman Tahvilleri, Mega Projeler Için Alternatif Finansman Yöntemi

    Projeye dayalı menkul kıymetler ("PDMK") ve proje finansmanı fonlarını düzenleyen projeye dayalı menkul kıymetler tebliği.
    TurkeyFinance and Banking
    Esin Attorney Partnership
    Esin Attorney Partnership
  • Showing 21–40 of 2398 results

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