New Rules for Distant Consumer Contracts

With the Regulation on the Amendment of the Regulation on Distance Contracts, which was published in the Official Gazette dated..

New Rules for Electronic Commerce

With the amendments made on 7 July 2022 on the Law on Regulation of Electronic Commerce, new regulations were introduced.

Elektronik Ticarette Yeni Kurallar

Elektronik Ticaretin Düzenlenmesi Hakkında Kanun’da 7 Temmuz 2022 tarihinde yapılan değişikliklerle yeni düzenlemeler getirildi.

IFC LAW IS PUBLISHED

Istanbul Finance Center Law (“IFC Law”) entered into force on 22.06.2022.

The Concept of Joint Data Controller in Turkish Legislation

With the principle decision of the Personal Data Protection Board (“Board”) dated 23.12.2021 which was published on 20.01.2022, the definition of joint data controller which was not present in Turkish legislation is put in place.

The Personal Data Protection Board’s Announcement Ended the SMS Practice of Stores.

The Personal Data Protection Board (“KVKK”) ruled with its announcement dated 17.12.2021 that the processing of personal data at stores by sending a verification code to data subjects via SMS during their shopping is contrary to the legislation. KVKK..

Recent Amendments in the Communiqué re Asset and Mortgage Backed Securities

The Communiqué No:III-58.1.c amending the Communiqué on Asset and Mortgage Backed Securities No: III-58.1 (the “Communiqué) issued by the Capital Markets Board (the “Board”) entered into force on 16 October 2021 through its publication in the Official Gazette.

Recent Developments in Tender Offers

The Communiqué Amending the Communiqué on Tender Offers No. II-26.1 (II-26.1.ç) (“New Communiqué”), the draft of which was published by the Capital Markets Board (the “Board”) on 1 February 2021 on its official website, entered into force on 16 October 2021 through publication in the Official Gazette.

HIGHLIGHTS FROM THE DECISIONS OF PERSONAL DATA PROTECTION BOARD PUBLISHED ON 5 JULY 2021

Regulation on Establishment and Activities of Asset Management Companies and Receivables to be Acquired (‘Regulation’) has been published in the Official Gazette numbered 31541 and dated 14 July 2021, and entered into force.