Turkey Updates Independent Auditing Standards

Turkish Commercial Code No. 6102 regulates the principles regarding group companies under Articles 195 to 209 for the first time in Turkish law.

The Presidential Decision amending the criteria for determining which companies are subject to independent audit under Article 397 of the Turkish Commercial Code (No. 6102)...

The New Turkish Commercial Code ("New Code") has been enacted and will enter into force in July 2012. One of the major changes brought by the New Code regards mandatory independent audits of corporations.

A new amendment to Turkey's commercial books regulation has been published, introducing changes to the requirements for maintaining electronic records of business documents unrelated to enterprise accounting. The Amendment Communiqué modifies existing provisions governing digital record-keeping obligations for commercial entities.

Turkey's Public Oversight, Accounting and Auditing Standards Authority has declared that if an independent audit firm has its activity permit suspended, the permit will not be cancelled...

The Code of Ethics for Independent Auditors (Including Independence Standards) ("Code of Ethics") entered into force after publication in the Official Gazette dated 22 September 2019 and No. 30896.

Presidential Decision No. 11066 introduces significant changes to the threshold values that determine which companies must undergo independent audits in Turkey. This regulatory update has important implications for corporate compliance and financial reporting requirements across various business sectors.

The New Framework includes a chapter regarding presentation and disclosure.

The Turkish Competition Board ("Board") will conduct a full scope investigation into Google's exclusivity agreements with original equipment manufacturers.

Turkey's new regulation mandates strict age verification and child-specific protections for social media platforms, prohibiting services to users under 15 and requiring segregated, privacy-enhanced accounts for those aged 15-17. Social network providers must implement parental controls, restrict targeted advertising and profiling, and establish transparent appeal mechanisms, with enforcement beginning November 2026.

Amendments introduced to the Law No. 5651 on the Regulation of Broadcasts via the Internet and the Prevention of Crimes Committed through Such Broadcasts (the “Law”)...

Turkey's amended Law No. 5651 introduces comprehensive regulatory obligations for social network providers and gaming platforms, establishing age verification requirements, parental controls, and content moderation standards. The legislation, effective November 2026, creates a graduated enforcement framework with administrative fines reaching up to 3% of global turnover and potential bandwidth restrictions for non-compliant platforms.

The Turkish Competition Board has partially lifted commitments previously imposed on Yemeksepeti, finding that the online food delivery market has evolved from a near-monopoly to a competitive multi-player environment. This decision examines how binding commitments may be reassessed when market conditions materially change, and explores the treatment of most-favoured-nation clauses under both antitrust and abuse of dominance provisions.

The Capital Markets Board of Türkiye has introduced significant changes to share ownership disclosure requirements and free float calculations for companies listed on Borsa İstanbul. The new regulations lower the minimum disclosure threshold from 5% to 3% and establish updated rules for how repurchased shares and indirect shareholdings affect free float calculations. These changes have important implications for direct shareholders, persons acting in concert, and those with indirect ownership stru

The Regulation on Licensing of Medicinal Products for Human Use introduced by the Turkish Pharmaceuticals and Medical Devices Agency which aims to regulate the procedures and principles pertaining to licensing processes ...

Turkey's new Plant Quarantine Regulation introduces comprehensive digital transformation through the BKKTS system, eliminating wet signatures for entry, exit, and transit procedures. The regulation establishes stricter controls for high-risk products, mandates electronic plant health certificates with QR codes, and implements a three-stage official control process to prevent contamination from harmful organisms.

Turkey's parliament has adopted sweeping amendments to the Soil Conservation and Land Use Act that impose unprecedented restrictions on the alcohol industry, including comprehensive bans on sponsorship, promotion, and brand-stretching...

Turkey has introduced a new regulatory framework governing the production and marketing of fruit saplings and propagation materials through a comprehensive certification system.