Turkish Competition Authority's Regulation On Fines Updated And Entered Into Force

New development

With the Official Gazette dated December 27, 2024 and numbered 32765, the Regulation on Fines to Apply in Cases of Agreements, Concerted Practices and Decisions Limiting Competition and Abuse of Dominant Position ("New Regulation") was updated and entered into force on the same date.¹ As such, the TCA removed the regulation with the same title ("Former Regulation"), published in the Official Gazette dated February 15, 2009 and numbered 27142.²

According to the announcement published on the Turkish Competition Authority's ("TCA") website,³ the reason behind this amendment in the penalty regime is the emergence of different types of infringements in parallel with the changes in the nature of the markets where competition law is applicable, business models of undertakings, and consumer preferences, and the addressees of competition law over the approximately 15-years period since the Former Regulation came into force. In this context, the TCA