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Turkey | Publication | March 2023
As businesses focus on technological transformation, rapid regulatory change, data complexity and unforeseen crises, among many other areas, compliance rules are constantly evolving to keep pace with change.
In this third issue of our Compliance Quarterly, we continue to inform our clients about the global and local compliance rules and regulations which impact Turkish businesses. We highlight legal developments taking place in Turkey and in major jurisdictions where Turkish entities operate, including the US, EMEA and China, drawing on the knowledge of lawyers in the Norton Rose Fulbright offices around the world.
Our readers will once again find useful information on a range of areas, including data governance and cybersecurity; environmental, social and governance; health regulations and employment; competition and antitrust; capital markets; and numerous others.
We hope that you find the information in this third issue of the Compliance Quarterly useful for your business. Please contact us with any questions you may have about the topics covered.
Publication
In this edition of Regulation Around the World we review the position regarding beneficial ownership registers which has come into the spotlight following work by the Financial Action Task Force and the introduction of reforms in a number of jurisdictions.
Publication
The European Union’s Foreign Subsidies Regulation (the FSR) entered into force on 12 January 2023 and creates a new regime aimed at combating distortions of competition on the EU internal market caused by foreign subsidies. It imposes mandatory notification and approval requirements for acquisitions of significant EU businesses and large EU public tenders, and gives the European Commission (EC) extensive powers to launch ex officio investigations. The notification requirements go live on 12 October 2023.
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