Banking Regulation In Turkey 2024

1 Legislative Framework

1.1 Key Laws and Regulations

The main legislation governing the banking sector is Law No 5411 (the "Banking Law"). Other key legislative and regulatory provisions are:

• Law No 1211 on the Central Bank of the Turkish Republic;
• Law No 6362 on Capital Markets;
• Law No 6102 on the Turkish Commercial Code (TCC);
• Law No 6098 on the Turkish Code of Obligations;
• Law No 5464 on Bank Cards and Credit Cards;
• Law No 3226 on Financial Leasing;
• Law No 1567 on the Protection of the Value of the Turkish Currency;
• Law No 6493 on Payment and Security Settlement Systems, Payment Services, and Electronic Money Institutions;
• the Regulation on the Principles of Corporate Governance of Banks (the "Regulation on Corporate Governance");