Certain amendments were made on multiple laws concerning
Turkish financial markets with the Law No. 7222, including
provisions for compliance with certain principles of the Basel
Committee on Banking Supervision and Financial Stability
Board.
On 25 February 2020, Law No. 7222 Amending Banking Law and
Certain Other Laws ("Amendment Law") was
published in the Official Gazette and brought several amendments to
laws governing Turkish financial markets including the Banking Law
No. 5411 ("Banking Law"), Law on Bank
Cards and Credit Cards No. 5464 and Financial Leasing and Factoring
Law No. 6361.
With the Amendment Law, the following amendments concerning the
Banking Law, Law on Bank Cards and Credit Cards No. 5464 and
Financial Leasing and Factoring Law No. 6361 have entered into
force:
