- INTRODUCTION
On October 28, 2022, the Banking Regulation and Supervision
Agency ("BRSA") published the Draft
Regulation Amending the Regulation on Debit Cards and Credit Cards
("Draft Amendment"). The Draft Amendment
proposes certain amendments to the Regulation on Debit Cards and
Credit Cards ("Regulation"), the details
of which are summarized below.
In this context, the Draft Amendment does not allow the card
schemes of card system institutions that are not authorized to
operate in Türkiye to be included in debit or credit cards to
be issued in Türkiye. The card schemes of these institutions
can only be defined in the said cards provided that the card scheme
of a card system institution that has obtained an operating license
in Türkiye is also defined in the said cards. Within this
framework, various obligations have been imposed on the card
issuing institutions and acquirers, which will be explained
below.
