Topic: Financial institutions

With its tech-savvy population, Turkey is no exception to the worldwide shift in customer preferences toward digital platforms.

Some of the monetary limits with respect to customer identification requirements and wire transfer limitations are increased to be effective as of February 1, 2023.

The Banking Regulatory and Supervisory Authority’s decision in Turkey, dated July 7th, 2022 and numbered 10265, regarding the restrictions on commercial loans denominated in TRY has been amended by the BRSA’s new decision dated October 21st, 2022 and numbered 10389.

COP27, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), is taking place in Sharm El-Sheikh, Egypt between 7-18 November, 2022.

As inflation creates uncertainty globally, corporate decision makers are working on plans to mitigate its consequences.

Istanbul Finance Center Law (“IFC Law”) entered into force in June 2022.

A new amendment on Turkish Code of Obligations regarding the maximum rate applicable for rental fee increases of residential leases.

US SEC proposed amendments to the rules in order to require investment funds and advisers to make more specific disclosures on their prospectuses, annual reports and adviser brochures based on their ESG strategies.

Norton Rose Fulbright, in collaboration with its Turkish alliance firm Pekin Bayar Mizrahi, is launching a series of articles relating to the Turkish technology ecosystem.

Norton Rose Fulbright won IFLR’s “European Restructuring Deal of the Year Award” for the second consecutive year, was recognized by Airfinance Journal at the 11th Aviation 100 Deals of the Year Awards.