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ARTICLE · 22 JANUARY 2025

Amendment Made To The Electricity Market Licensing Regulation

In the first sentence of the first paragraph of Article 57 titled "Share Transfers" of the Electricity Market Licensing Regulation, it is stipulated that until the license...

TurkeyEnergy and Natural Resources

In the first sentence of the first paragraph of Article 57 titled "Share Transfers" of the Electricity Market Licensing Regulation, it is stipulated that until the license is granted, the corporate structure of the pre-license holder cannot change, either directly or indirectly, except for inheritance and bankruptcy reasons. Furthermore, share transfers or any acts and transactions that would result in a transfer of shares are prohibited. In the second sentence, fourteen exceptional cases (a), (b), (c), (ç), (d), (e), (f), (g), (ğ), (h), (ı), (i), (j), and (k) were enumerated, where this rule would not apply.

With the Regulation Amending the Electricity Market Licensing Regulation published in the Official Gazette No. 32635 on 17/08/2024, which entered into force on the date of publication, the following sentence was added before the final sentence of the first paragraph of Article 57: "However, except for paragraphs (a), (b), (ç), (d), (f), (j), and (k), any planned

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