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Legal Alerts
11/09/2021 https://www.esin.av.tr/wp-content/themes/esin/images/esin.jpg

BRSA Expands Banks’ Marketing Channels

Legal Alerts
Banking & Finance
Financial Institutions

 

Recent Development

The Banking Regulatory and Supervisory Authority amended the Regulation on the Outsourced Services Procured by Banks (“Regulation”) on December 11, 2020.

What’s New?

Pursuant to the amendment, as of December 11, 2020, service providers are allowed to conduct marketing for banks in car dealers and authorized second-hand motor vehicles sellers.

Conclusion

The Regulation expanded the marketing channels for banks and first-hand and second-hand car dealers are permitted to market car loans.