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Topic: Financial institutions

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Recent changes in the Communiqué about the protection of the Turkish currency’s value

March 05, 2024

The Communiqué on Decree No. 32 on the Protection of the Value of the Turkish Currency (“Communiqué”) has been amended with the Communiqué (No: 2024-32/69) Amending the Communiqué.

Amendment to the Regulation on Insurance and Reinsurance Brokers in Türkiye

February 20, 2024

The amendments introduced the Insurance and Private Pension Supervisory and Audit Authority and Board into the lexicology of the regulation.

Non-public companies in Turkey may now sell shares without public offering

May 30, 2023

A new communiqué introducing the possibility for non-public companies to sell shares to qualified investors through capital increases without a public offering and to be traded on the Venture Capital Market is published.

The Turkish Technology Ecosystem: Digital banking era

May 26, 2023

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

Increase in monetary limits for know your customer requirements

February 15, 2023

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.

New restrictions on commercial TRY loans

November 22, 2022

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.

Inside COP27: Latest insights and news from Egypt

November 16, 2022

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.

How can you protect your company from high inflation?

November 09, 2022

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

The new Istanbul Finance Center law

August 22, 2022

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

New temporary cap introduced for residential lease rental fee increases

June 17, 2022

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