Significant Amendments To The Turkish Merger Control Regime

In early February2026 the Turkish Competition Authority ("TCA") announced sweeping amendments to CommuniquéNo.2010/4 ("Communiqué") concerning mergers and acquisitions requiring the approval of the Competition Board. The Communiqué, which supplements Article7 of the Act on the Protection of Competition ("Competition Act"), sets out the transactions that must be notified to the TCA and lays down the procedure and substance of merger control. Its last major update occurred in2022, when turnover thresholds were increased and a technology undertakings exception was introduced, enabling the TCA to supervise acquisitions of innovative companies regardless of their turnover. Since then the number of notified transactions has increased sharply. The TCA's 2025 M&A overview report¹ notes that 416 transactions were reviewed in2025, a 33.8% increase over2024; this surge has been attributed to inflation-driven devaluation of the Turkish lira and the technology undertakings