Newsletter-21

434 NEWSLETTER 2016 Important Changes and Developments in Regulations • The Regulation on the Amendment to the Independent Audit Regulation entered into force through publication in the Of- ficial Gazette dated 22.12.2015 and numbered 29570. • The Regulation on the Amendment to the Commercial Ad- vertisement and Unfair Trade Practices Regulation entered into force through publication in the Official Gazette dated 25.12.2015 and numbered 29573. • The Regulation on the Amendment to the Regulation on Pay- ment Services and Electronic Money Issuance and Payment Institutions entered into force through publication in the Of- ficial Gazette dated 26.12.2015 and numbered 29574. • The Regulation on the Amendment to the Regulation on Leasing, Factoring, Accounting Practices of Finance Com- panies and their Financial Statements entered into force through publication in the Official Gazette dated 08.01.2016 and numbered 29587. • The Regulation on the Amendment to the Insurance Agen- cies Regulation was published in the Official Gazette dated 16.01.2016 and numbered 29595 to be entered into force 6 months after its date of publication. • The Regulation on the Amendment to the Regulation re- garding Arbitration in Insurance entered into force through publication in the Official Gazette dated 19.01.2016 and numbered 29598. • The Regulation on the Amendment to the Regulation on the Banks’ Internal Systems and Internal Capital Sufficiency Evaluation Process entered into force through publication in the Official Gazette dated 20.01.2016 and numbered 29599. • The Regulation on the Amendment to the Regulation on the Measurement of Liquidity Coverage Ratios of Banks was