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Accordingly, from 1 September 2016 until the end of the State of Emergency, the Fund will be allocated guardianship for any company which is assigned a guardian under the Code of Criminal Procedure numbered 5271 due to its connection to terror organisations.

The minimum compensation amount which creditors can claim for recovery cost has also increased from 150 to 185 Turkish Liras.

Turkey's Union of Notaries has announced details of stamp tax and fee exemptions for warning notifications and certain agreements, involving cheques, regarding repayment of overdue loan debts.

Turkey has ratified the foundation of the Asian Infrastructure Investment Bank ("AIIB") into local law as one of the project's co-founders.

Turkey has introduced procedures and principles for authorization, activities and abolishment of the institutions which appraise banks within the scope of the Banking Law.

Turkey has loosened its rules for bank spin-offs, introducing a new distinction for partial spin-offs and excluding these transactions from the scope of certain rules.

From 1 January 2017, banks in Turkey are not required to obtain statements of accounts for loans up to one million Turkish Lira.

On August 1, the Turkish Capital Markets Board (the "CMB") introduced stricter rules for bank and brokerage firm record retention for investment activities and related ancillary services, bringing the rules into alignment with Turkish consumer protection rules.

Turkey has updated the leasing financial support scheme which is available to Turkish companies' foreign entities. The scheme offers support for leasing stores, warehouses and offices.

Turkey has updated procedures and principles for the Undersecretariat of Treasury's ("Treasury") activities to support financial lease companies and banks which are shareholders of credit guarantee institutions

One of the leading credit rating institutions has stated that Turkish banking industry has the necessary liquidity capacity to pay back short term debts.

Turkish Ministry of Treasury and Finance announced that Turkey signed a deal with Euroclear Bank, a foreign central securities depository, for providing custody and settlement services...

With the Presidential Decision numbered 5752 published under the Official Gazette dated June 28, 2022 and numbered 31880 ("Decision"), the period of the withholding deduction applied...

With the Presidential Decision numbered 5752 published under the Official Gazette dated June 28, 2022 and numbered 31880...

With its Forex Decision No. 20-32/397-179 dated 2 July 2020, the Turkish Competition Board fined certain banks on the grounds that they failed to provide the information that the Turkish Competition Authority requested ...

The Capital Markets Board effected changes to Communiqué No II-26.1 on Mandatory Offer Requirements (the "Mandatory Offer Communiqué") on 5 June 2018 to introduce new exemptions to mandatory offer ...

Changes in the Business Line Regulation have been published in the Official Gazette numbered 31585 and dated 01.09.2021.