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Important Changes and Developments in Regulations

• The Regulation on the Accounting Practices and Financial

Statements of Financial Leasing, Factoring and Financing

Companies entered into force through publication in the

Official Gazette dated 24.12.2013 and numbered 28861.

• The Regulation on the Amendment to the Regulation on the

Implementation of Service Purchase Tenders entered into force

through publication in the Official Gazette dated 25.12.2013

and numbered 28862.

• The Regulation on the Amendment to the Regulation on

Measurement and Evaluation of the Liquidity Sufficiency of

Banks was published in the Official Gazette dated 31.12.2013

and numbered 28868. This Regulation entered into force

through publication effective from 01.01.2014.

• Electricity Market Distribution Regulation entered into force

through publication in the Official Gazette dated 02.01.2014

and numbered 28870.

• The Regulation on the Amendment to the Regulation on the

Procedures and Principles Relating to the Determination of the

Qualification of Credits and Other Claims by Banks, and the

Reserves to be Allocated for these entered into force through

publication in the Official Gazette dated 12.01.2014 and num-

bered 28880.

• The Regulation on the Application of the Turkish PetroleumAct

entered into force through publication in the Official Gazette

dated 22.01.2014 and numbered 28890, to be applied as of

11.12.2013.

• The Regulation on the Amendment to the General Regulation of

Lighting entered into force through publication in the Official

Gazette dated 28.01.2014 and numbered 28896. This

Regulation entered into force through publication effective

from 01.01.2014.

• The Regulation on the Amendment to the Regulation on

Banking Information Systems and the Audit of Banking

414

NEWSLETTER 2014