I. Announcements
Postponement of the Deadline for Registration to VERBIS
With the decision numbered 2019/387, the Personal Data
Protection Board decided to postpone the period determined to
fulfill the Data Controllers Registry Information System (VERBIS)
registration obligation until 30.06.2020 for the data officers in
the first group and 30.09.2020 for the data officers in the second
group. Data controllers in the first group are: i) Those who have
an annual number of employees more than 50 or an annual financial
balance total of more than 25 million TL, ii) are real and legal
persons residing abroad.
Rediscount and Advance Interest Rates Has Been Decreased
Turkey's Central Bank has decreased discount interest rates
for commercial papers with expiry periods of three months or more.
The revised rates are 12.75% for rediscount transactions and 13.75%
for advance transactions. The previous rates were 17.25% for
rediscount transactions and 18.25% for advance
