Recent Development The Ministry of Science, Industry and Technology (“Ministry”) published the Regulation on the Implementation of the Turkish Industrial Cooperation Program (“Regulation”), which entered into force on February 17, 2018. What Does the Regulation Say? The Regulation establishes the procedures and principles for the procurement of goods, services and construction works comprising the industrial […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently announced the necessary actions to fulfil the requirement of Braille alphabet usage under the Regulation on Package Information, Manuals and Tracking of Medicinal Products for Human Use (the “Regulation“). What Does the Announcement Say? Pursuant to the TİTCK’s announcement, as indicated in the Regulation, […]
Recent Development The Capital Markets Board (“CMB”) amended the Communiqué on Shares No. VII-128.1 and Communiqué on Disclosure of Material Events No. II-15.1. The amendments were published and entered into force on February 13, 2018. What’s new? Before the amendment to the Communiqué on Shares, in relation to public companies’ capital increases, if the ratio […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TITCK”) recently announced that the legislative process for the adoption of the EU Regulation No. 2017/745 on Medical Devices (“MDR“) is ongoing. In this scope, the TİTCK published a Turkish translation of the MDR to be taken as a basis during the adoption period. What’s New? […]
Recent Development The Central Bank of the Republic of Turkey (“CBRT“) published the Regulation on the Principles and Procedures for Monitoring Transactions Affecting FX Positions (the “Regulation“) in the Official Gazette No. 30335 on 17 February 2018. The Regulation entered into force on the same day. What’s new? Enterprises (except banks and financial institutions) whose […]
Recent Development The Ministry of Customs and Trade recently announced that the safety stamp protocol (the “Protocol“) was signed with the Union of Chambers and Commodity Exchanges of Turkey (tr.,“TOBB“), authorizing the TOBB to grant e-commerce websites safety stamps. Background The Ministry of Customs and Trade published the Safety Stamp Communiqué (“Communiqué“) to address security […]
Recent Development The Draft Law on the Amendments to the Tax Laws and Certain Laws and Decrees (“Draft Law”), recently submitted to the Turkish Parliament, introduces highly significant restrictions in relation to internet broadcasting. Pursuant to the new Article 29/A to be added to Law No. 6112 on the Establishment of Radio and Television Enterprises […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently announced the results of its cosmetics sector market surveillance and inspection conducted between September and December 2017. What do the Results Say? The TİTCK’s Cosmetics Supervision Department published the list of unsafe and non-compliant cosmetics products detected during the fourth quarter of 2017. Of […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently announced that Good Manufacturing Practice (GMP) Certificates will be issued for the manufacturing sites of cosmetic products. What Does the Announcement Say? The TİTCK issues GMP Certificates for cosmetic manufacturing sites only for export purposes. Manufacturing sites deemed compliant with the GMP requirements are […]
Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK“) recently published on its website the list of the certified pharmacovigilance service providers. What is Pharmacovigilance? Pharmacovigilance refers to the scientific activities relating to the detection, assessment, understanding and prevention of adverse effects or any other drug-related problems. In this scope, marketing authorization holders may […]
