With the "Act Amending Banking Law, Some Other Laws and the
Decree no. 655" ["Amending Act"],
Banking Law no. 6411 ["Banking Law"] and
Act no. 6758 on the Approval of a Decree with Amendments
["Act no. 6758"] was amended with
respect to the articles regarding the authorities and
responsibilities of the Savings Deposit Insurance Fund – the
so-called "TMSF" ["SDIF"].
Below are some of the most important amendments included within
the Amending Act:
Scope of Savings Insured by the SDIF Were Expanded
Prior to the amendment, the scope of SDIF insurance was limited
to "savings and participation funds belonging to real persons
stored in credit institutions". With the Amending Act, this
scope has been expanded to include all savings deposit accounts and
participation funds except for those belonging to state
institutions, credit institutions or financial institutions. The
primary objective of this change is to include commercial deposits
and commercial participation
