The "Regulation on Administrative Fines for Anti-Competitive Agreements, Concerted Practices, and Decisions, and Abuse of Dominant Position" (“Regulation”), published in the Official Gazette No. 32765 dated 27 December 2024, establishes the procedures and principles for determining administrative fines to be imposed under Article 16 of the Law No. 4054 on the Protection of Competition (“Law”) replacing the "Regulation on Fines to Be Imposed in Cases of Anti-Competitive Agreements

The new regulation which determines the procedures and principles regarding immunity from or reduction for the fines specified in Article 16 of the Law on the Protection of Competition (“Law”) to be imposed on enterprises and enterprise managers and employees who actively cooperate with the Competition Authority for the purpose of detecting cartels which are prohibited under Article 4 of the Law is now published.