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  • Article

    BRSA Changed The Criteria Of Credit Rating Requirement For The Corporates Utilizing Loans In Turkey

    The Banking Regulatory and Supervisory Authority ("BRSA"), on 10 September 2020, with its decision numbered 9133, changed the criteria of corporates that are obliged to obtain credit rating notes...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    New Changes To CCP Regulations

    Capital Markets Board of Turkey published Amendment Regulation re. Istanbul Takas ve Saklama Bankası A.Ş. Central Counterparty Regulation ("CCP Regulation")...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • 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 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

    Turkish Regulator Eases Covered Bond Issuance For Mortgage Finance Institutions

    In the framework of the precautions announced in the 11th Development Plan for the term 2019-2023 and 2020 Presidency Annual Programme, Capital Markets Board of Turkey...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    New Restriction By BRSA On Turkish Banks' TRY Transactions With Foreign Financial Institutions

    In response to the slowdown of economic growth in Turkey due to Covid-19 Outbreak, Banking Regulation and Supervision Agency of Turkey...
    TurkeyCoronavirus (COVID-19)
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Borsa Istanbul Established Venture Capital Market

    As you may remember, Capital Markets Board of Turkey ("CMB") recently enabled the sale of the shares of non-public corporations, to be issued through capital increase...
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA's Latest Loan Restrictions

    Banking Regulation and Supervision Agency with its decision dated 21.10.2022 and numbered 10389, has expanded the restrictions in relation to the commercial cash loans utilized by companies subject to independent audit...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Donuk Alacak Siniflandirmasinda Yeni Düzenleme

    Tüketici kredileri bakımından yukarıdaki eşik tutar 500 (beş yüz) Türk Lirası olarak uygulanır ve bu eşik tutar ile bu fıkradaki oransal sınır ilgili kredi bazında dikkate alınır.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    New Threshold For Frozen Receivables

    With this amendment, it will be at the discretion of the bank to classify the total amount of receivables of TL 2,500 (two thousand five hundred) or less from a debtor as frozen receivables.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Significant Amendment To The Foreign Currency Payment Prohibition

    The Republic of Türkiye's Ministry of Treasury and Finance published amendments to Communiqué No. 2008-32/34 ("Communiqué") regarding Decree No. 32...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Significant Amendment To The Regulation On Payment Services Concerning Yield-Bearing Accounts

    Certain amendments have been introduced to the Regulation on Payment Services, Electronic Money Issuance and Payment Service Providers (the “Regulation”) through the amendment published in the Official Gazette dated 19 March 2026 and numbered 33201.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Loosened The Limits Toward Turkish Banks' TRY Transactions With Foreign Financial Institutions

    Since the outbreak of Covid-19 pandemic, Banking Regulation and Supervision Agency of Turkey has introduced certain restrictions toward Turkish banks in response to the slowdown of economic growth in Turkey.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Regulation Amending The Regulation On Remote Identification Methods To Be Used By Banks And The Establishment Of Contract Relationship In Electronic Media

    Prior to the afore-mentioned amendment, remote customer onboarding processes were applied only to real persons since May 1, 2021.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Amendments To Turkish Commercial Code

    The Law No. 7511 on the Amendment of the Turkish Commercial Code and Some Other Laws ("Law") was published in the Official Gazette dated 29 May 2024, and numbered 32560.
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Grants Certain Exemptions To Euroclear Bank And Clearstream Banking And Northern Cyprus Branches For The Restrictions Over TRY Transactions

    On 5 May 2020, Banking Regulation and Supervision Agency ("BRSA"), with its decision numbered 9010, decided to limit the sum of TRY placements...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Regulator Removed The Ban On Short Sale Transactions For BIST-50 Index Stocks

    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").
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Regulator Removed The Ban On Short Sale Transactions Initially For BIST-30 Index Stocks

    Capital Markets Board of Turkey ("CMB") decided to partially end the ban on short sales transactions taking place in the equity market of Istanbul Stock Exchange (Borsa Istanbul)...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Turkish Ministry Of Treasury And Finance Signs A Deal With Euroclear Bank For Increasing Foreign Investor Access To Local Bond Market

    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...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Significant Amendments To The Decree No. 32 On The Protection Of The Value Of Turkish Currency

    The Decree Amending the Decree No. 32 on the Protection of the Value of the Turkish Currency (the "Amendment Decree"), was published in the Official Gazette dated 15 March 2025 and numbered 32842.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan

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