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  • Article

    A New Rule Regarding Loan Balance Calculation Of FX Loans Is Adopted To Capital Movements Circular

    Central Bank of the Republic of Turkey ("CBRT") adopted a new provision numbered 16/A titled as "Credit Balance Calculation" under the Capital Movements
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    FCIB Enabled Remote Customer Identification Process To Be Applicable To Legal Entities

    Ministry of Treasury and Finance published Communiqué on the Amendment of "General Communiqué of the Financial Crimes Investigation Board...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Sermaye Hareketleri Genelgesi'ne Türk Menşeli Kredi Kullanıcılarının Beyan Edecekleri Döviz Gelirinin Hesaplamasına Ilişkin Yeni Bir Kural Getirildi.

    Bilindiği üzere, Türk otoriteleri, ilgili mevzuatta sayılan belirli istisnalar haricinde, Türkiye'de yerleşik tüzel kişilerin, Türkiye'de veya yurtdışında ...
    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
  • Article

    Kurul, İpotek Finansman Kuruluşlarının Borçlanma Aracı Ve VİDMK Ihraçlarına Bir Takım Kolaylıklar Getirdi

    Sermaye Piyasası Kurulu tarafından 13 Haziran 2020 tarihli ve 31154 sayılı Resmi Gazete'de VII-128.8 sayılı Borçlanma Araçları Tebliği'nde Değişiklik Yapılmasına İlişkin Tebliğ (VII-128.8.a) ...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA And CMB Imposed Restrictions On Derivative Transactions Carried Out With Foreign Parties In Response To Covid-19 Outbreak

    Due to Covid-19 Outbreak, as a measure to protect the financial stability, BRSA and CMB imposed certain restrictions on derivative transactions to be carried out with foreign counterparties.
    TurkeyCoronavirus (COVID-19)
    Sadik& Çapan
    Sadik& Çapan
  • Article

    IPO Submissions Are Eased For Certain Sectors

    Pursuant to the Capital Markets Board ("CMB")'s decision published in the CMB Bulletin dated December 29, 2023 and numbered 2023/82.
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    The Sale Of Newly Issued Company Shares To Qualified Investors On Venture Capital Market

    Following this, a prospectus shall be prepared in the same format as required by the Board and such prospectus shall be submitted to the Board for approval.
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Amendments And New Regulations On Protection Of Turkish Currency Regime

    The Law No. 7555 Amending the Law on the Protection of the Value of Turkish Currency and Certain Laws and Decree Law No. 635, published in the Official Gazette dated 24 July 2025 and numbered 32965, introduced significant amendments to the Law No. 1567 on the Protection of the Value of Turkish Currency.
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    BRSA Increased The Maximum Credit Card Limit And Eased The Minimum Card Payments Of Banks' Customers.

    Banking Regulation and Supervision Agency ("BRSA") brought significant benefits to credit card customers with respect to credit card maximum limits and minimum credit card payments in accordance...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Treasury And Finance Ministry Exempted The Turkish Resident Legal Entity Shareholders Of The Incumbent Companies In Public-Private Partnership Projects From The FX Loan Restrictions.

    Treasury and Finance Ministry of the Republic of Turkey ("Ministry"), through its letter dated 8 December 2020 and numbered 692596, provided a new exemption to the FX loan restrictions...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    A New Rule On The Calculation Of FX Income To Be Declared By Turkish Resident Borrowers Is Adopted To Capital Movements Circular

    As it is known, Turkish authorities require Turkish legal entities to have sufficient FX income to utilize FX loans in Turkey or abroad unless such resident falls ...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Amendments On The Sale Methods And Distribution Principles For Public Offerings

    The Capital Markets Board (the "CMB") introduced rules concerning distribution principles and sale methods for initial public offerings of non-public companies...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    CMB Draft Communiqué On Debt Instrument Holders Board

    In accordance with Article 31/A of Capital Markets Law No. 6362, Capital Markets Board of Turkey ("CMB") ...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    FX Loans - Recent Changes To Capital Movements Circular In Turkey

    Central Bank of the Republic of Turkey ("CBRT"), respectively on 25 January 2021, 16 February 2021 and 16 March 2021, has published new changes to the Capital Movements Circular ("Circular") dated...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Requirements Of Initial Public Offerings For The Year Of 2024 Have Changed

    The amounts specified in the capital markets legislation have been re-evaluated for the year of 2024 and thus increased by the decision of the Capital Markets Board of Turkey (the "CMB")...
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    A New Regulation By BRSA On Manipulation And Misleading Transactions In Financial Markets

    The manipulative trades and misleading transactions of banks in financial markets in Turkey have been defined under Article 76/A of the Banking Law No. 5411...
    TurkeyFinance and Banking
    Sadik& Çapan
    Sadik& Çapan
  • Article

    The CMB Sets Out The Principles And Procedures For Reserve-Proof Audits

    As you are aware, crypto asset service providers (the "CASPs") operating or planning to operate in Türkiye are regulated under the Capital Markets Law No. 6362.
    TurkeyAccounting and Audit
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Recent Amendments On The Repo Communiqué Has Been Published

    The Capital Markets Board of Turkey ("CMB") adopted the recent amendments on the Draft Amendment Communiqué on Principles Regarding Repo and Reverse Repo Transactions of Intermediary Institutions numbered III-45.2.a,
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan
  • Article

    Ortaklıktan Çıkarma Ve Satma Haklarına Ilişkin Taslak Tebliğ Halka Açık Ortaklıklarda Söz Konusu Hakların Kullanımı Için Gerekli Olan Pay Oranını Azalttı.

    HAAO'da ortaklıktan çıkarma ve satma haklarının kullanımına ilişkin prosedür daha detaylı şekilde düzenlenmiştir.
    TurkeyCorporate/Commercial Law
    Sadik& Çapan
    Sadik& Çapan

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