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News & Insights

August 14, 2018

Personal Data Protection Board Publishes Recent Decisions Summaries

Legal Alerts
IT & Communications

Recent Development The Personal Data Protection Board (“Board”) published on its website summaries of its recent decisions in relation to (i) the request for deletion of a column in a newspaper consisting of personal data; (ii) the unlawful disclosure of sensitive personal data; and (iii) the unlawful transfer of personal data disclosed during the recruitment […]

August 13, 2018

Ministry of Industry and Technology Announces New Action Plan

Legal Alerts
International Commercial and Trade

Recent Development The Ministry of Industry and Technology (“Ministry”) recently announced its new action plan for the next 100 days, which envisages the completion of several ongoing projects and the launching of various new projects. What Does the Action lan Include? The Ministry’s 100-day action plan provides for a series of projects ranging from R&D […]

August 10, 2018

TİTCK Publishes New Circular on Product Tracking System

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently published a new Circular on the Product Tracking System (“Circular“) establishing the main principles and procedures for the registration of medical devices and cosmetic products. What Does the Circular Say? Last year, the TİTCK launched the Product Tracking System (tr. “ÜTS“), to register, track, […]

July 31, 2018

Data Protection Board Publishes Decision on Employees of Data Controllers

Legal Alerts
IT & Communications

Recent Development The Personal Data Protection Board (“Board“) published a decision in the Official Gazette on May 31, 2018 in relation to the processing of personal data done by employees of data controllers with access to personal data outside of their authority and purpose of processing. What Does the Decision Say? Article 12(1) of Law […]

July 30, 2018

TİTCK Publishes New Draft Communiqué on Notified Bodies in Medical Devices

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently published a new draft Communiqué on Notified Bodies Operating in Medical Devices (“Communiqué“), repealing the previous communiqué. What Does the Communiqué Say? With the entry into force of the EU Regulation 2017/745 on medical devices and the EU Regulation 2017/746 on in vitro diagnostic […]

July 27, 2018

TİTCK Publishes Updated GMP Certificate Forms

Legal Alerts
Healthcare

Recent Development The Turkish Medicines and Medical Devices Agency (“TİTCK”) recently published the latest version of the Good Manufacturing Practice (GMP) Certificates, updated in line with Turkey’s Pharmaceutical Inspection Co-operation Scheme (“PIC/S”) membership. What Does the Announcement Say? The TİTCK, following its membership in the PIC/S early this year, has been harmonizing the certification process […]

July 16, 2018

Turkish Consumer Loan Terms Reduced

Legal Alerts
Banking & Finance

Recent Developments The Banking Regulatory and Supervisory Authority (“BRSA”) amended the Regulation on Loan Transactions of Banks and the Regulation on Establishment and Operation Principles of Financial Leasing, Factoring and Financing Companies in order to amend the maximum term of consumer loans and provide a restructuring opportunity for this type of loan. The amendments were […]

July 9, 2018

CBRT Introduces New Exception on Utilization of FX Loans

Legal Alerts
Banking & Finance

Recent Development The Central Bank of Turkey (“CBRT“) amended the Capital Movements Circular to clarify certain points and provide a new exception to the rules regarding the FX loan borrowings of Turkish subsidiaries of multinational companies. What Does the Amendment Say? Fully owned (directly or indirectly) Turkish subsidiaries of multinational companies will be able to […]

June 28, 2018

Central Bank of Turkey Authorized to Request Information and Documents Regarding FX Transactions

Legal Alerts
Banking & Finance

Recent Development The Council of Ministers’ decision amending the articles of association of the Central Bank of the Republic of Turkey (the “CBRT”) entered into force with its publication in the Official Gazette dated June 23, 2018 and numbered 30457. What’s New? In line with the new FX borrowing regime set out in the Decree […]

June 20, 2018

New Communiqué on Debt Securities To Be Included In Calculation of Banks’ Equity

Legal Alerts
Banking & Finance

Recent Development The Banking Regulation and Supervision Authority (“BRSA”) published the Communiqué on Principles Regarding Debt Securities to be Included in the Calculation of Banks’ Equity (“Communiqué”). The Communiqué entered into force through its publication in the Official Gazette date June 7, 2018 and no. 30444. What’s New? Debt securities can be included in the […]

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