Financial institutions

The Regulation Tomorrow Podcast is back with Episode 4.

The Information and Communication Technologies Authority published a group of decisions relating to banning advertisements on social media platforms.

The Turkish Ministry of Treasury and Finance published a general communique relating to controversial “valuable residential real property tax.”

On Christmas eve, the UK Government and the European Commission (Commission) announced that they had reached agreement on a free trade agreement.

The anticipated cessation of LIBOR at the end of 2021 presents an ominous predicament for foreign lending into emerging market economies.

Version 4 of the Equator Principles (EP4) will come into force on 1 October 2020.

With its decision dated April 2, 2020, the Banking Regulatory and Supervision Agency (the “BRSA”) extended the deadlines applicable to certain reporting or notification requirements by 60 days.

The Overseas Private Investment Corporation changed in January into the United States Development Finance Corporation.

With a new Communiqué that entered into force on January 10, 2020, namely the Communiqué on Principals Regarding Revocation of Voting Privileges and Privileges to be Represented on the Board of Directors, the Turkish Capital Markets Board (the “CMB”) is now authorized to revoke voting privileges.

On July 29, 2019, the European Commission issued a communication setting out its overall approach to equivalence and recent legislative developments in terms of how the Commission grants equivalence to non-EU countries.