A. Introduction The Capital Markets Board of Turkey (“CMB”) has determined the principles and criteria regarding the conditions that crypto asset service providers (“Platform”) should meet with the Resolution dated August 8, 2024 and numbered 42/1259 (“Resolution”). With the amendments…

The Financial Crimes Investigation Board (MASAK) announced the release of an updated version of the Suspicious Transaction Reporting Guide and Suspicious Transaction Reporting Form for Crypto Asset Service Providers operating within the scope of Capital Market Law No. 6362. Key…

The Law No. 7511 on Amendments to the Turkish Commercial Code and Certain Laws (the “Amendment”) was published in the Official Gazette dated May 29, 2024 and numbered 32560. The Amendment has made changes to the Turkish Commercial Code No.…

The Presidential Decree on the Amendment to the Decree on Determining the Companies Subject to Independent Audit (the “Decree”) published in the Official Gazette dated 6 April 2024 and numbered 32512, and amended the threshold values of the companies subject…

Proposal Amendments to LMSE FRS Regarding the Accounting and Reporting of Crypto Assets Upon the widespread use of crypto assets by businesses, a draft text containing the amendments to be made in the 2021 version of the Financial Reporting Standards…

Upon the widespread use of crypto assets by businesses, a draft text containing the amendments to be made in the 2021 version of the Financial Reporting Standards for Large and Medium-Sized Enterprises (the “LMSE FRS”) has been prepared within the…

We Are Proud to Have Sponsored AIJA – International Association of Young Lawyers Seminar We are proud to have sponsored AIJA – International Association of Young Lawyers Seminar held in Rome from March 14 to 16, 2024. This event, focusing…

On February 16, 2024, a draft bill (the “Bill”) proposing significant amendments to the Personal Data Protection Law No. 6698 (the “PDPL”), was submitted to the Justice Committee of the Grand National Assembly of Türkiye (the “TBMM”) and was accepted by…

SIGNIFICANT CHANGES IN THE ELECTRICITY MARKET LICENSING REGULATION Regulation Amending the Electricity Market Licensing Regulation (the “Amendment Regulation“) has been published in the Official Gazette dated October 14, 2023 and numbered 32339, and the amendments entered into force on the…

Amendments have been brought to the Guide on the Regulation Concerning the Implementation of the Turkish Citizenship Law attached to the Circular dated May 30, 2019 and numbered 2019/5(the “Guide”) together with the announcement published on December 20, 2022 by…