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Pursuant to Article 33 of the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers, the minimum equity requirements applicable to payment institutions and electronic money institutions are recalculated annually in January by the Central Bank of the Republic of Türkiye.

This provides a secure environment for transactions and removes the default risk of counterparties in the Money Market.

With the Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers and the Communiqué Amending the Communiqué on Information Systems of Payment and Electronic Money Institutions ...

Regulation Amending the Regulation on Payment Services and Electronic Money Issuance, Payment Service Providers ("Amending Regulation") has been published...

Capital Markets Board of Turkey ("CMB" or "Board") decided to end the ban on short sales transactions taking place in the BIST-50 Index equity market of Istanbul Stock Exchange ("BIST").

The Banking Regulation and Supervision Agency ("BRSA"), under its Board Decision No. 11145 dated February 6, 2025...

Turkey has announced clarifications of taxation arrangements for payment services provided by e-money and e-payment agencies.

The Central Bank of the Republic of Turkey introduced an amendment to the Capital Markets Circular concerning foreign exchange earnings statements on September 4, 2020.

With the enforcement of the new regulation, Turkish residents with no foreign currency income are prohibited from making foreign currency loans, either from abroad or from within Turkey.

27 Kasım 2024 tarihli ve 32735 sayılı Resmî Gazete'de Hazine ve Maliye Bakanlığı (Gelir İdaresi Başkanlığı)'nca yayımlanan 574 Sıra No.lu VUK Genel Tebliği ile yeniden değerleme oranı 2024 yılı için...

A provisional article was added to the Law Amending Some Laws dated March 25, 2020 and numbered 7226 With the Law Amending the Tax Procedure Law and Some Laws published in the Official Gazette dated April 30, 2021 and numbered 31470.

The Law No. 7297 Amending Certain Other Laws ("Law No. 7297"), which was published in the Official Gazette on 20 March 2021, introduced significant changes to the Law No. 3996 Concerning the...

With the recent amendment, Central Bank of Turkey starts to monitor the foreign currency positions of metropolitan municipalities, municipalities, public economic enterprises and universities.

The Turkish Competition Authority previously cleared the request of Interbank Card Center (BKM) to set a joint interchange commission rate for both credit cards and bank cards for three years or five years provided that BKM satisfies certain conditions.

In this article, we will focus on the most prominent changes related to the Communiqué recently introduced by the CMB.

The Communiqué Amending the Communiqué on Keeping Non-Accounting Commercial Books of Enterprises in Electronic Form ("Communiqué"), published in the Official Gazette dated 14 August 2025...

Turkey's Central Bank has updated the default interest ratio to 10.75% for late payments made to creditors in the context of commercial transactions for goods and services.

As a result of a presidential decree aimed at protecting the value of the Turkish lira, residents in Turkey are now prohibited from agreeing to the value of monetary obligations