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LEGAL DEVELOPMENTS

439

• Report on the Electricity Market of the year 2010 was published

by the EMRA Board on 13.05.2011.

• Sector Report on Oil Market Regarding First Trimester of the year

2011 was published by the EMRA Board on 27.05.2011.

• The Regulation on Importation and Exportation in Electricity

Market entered into force through publication in the Official

Gazette dated 01.06.2011 and numbered 27951.

• The Regulation on the Amendment of the Regulation Pertaining

to Auditing of Real and Legal Persons Active in Energy Market by

Independent Auditing Firms entered into force through publication

in the Official Gazette dated 04.06.2011 and numbered 27954.

• The Regulation Pertaining to Procedures and Principles Regarding

Basic Utilization of Underground Storage Facilities for Natural

Gas entered into force through publication in the Official Gazette

dated 04.06.2011 and numbered 27954.

• The resolutions of EMRA Board dated 31.05.2011 regarding

ratification and publication of “Board Resolution on Explanations

of License Application in Oil Market”, “Board Resolution on

Information and Documents to be Sought in Applications for

License Modification in Oil Market”, “Board Resolution on

Information and Documents to be Sought in Applications for

Extension of License in Oil Market” entered into force through

publication in the Official Gazette dated 09.06.2011 and numbered

27959.

• The Procedures and Principles Regarding Determination and

Following Realization of Investment Expenditures based on

Configuration of Electricity Market Distribution System entered

into force through publication in the Official Gazette dated

17.06.2011 and numbered 27967.

• The Procedures and Principles Regarding Capacity Allocation

and Secondary Commercial Transmission Right Market Pursuant

to the Regulation on Importation and Exportation in Electricity

Market entered into force through publication in the Official

Gazette dated 17.06.2011 and numbered 27967.