495 LEGAL DEVELOPMENTS Important Legislation and Decisions regarding Competition • The Competition Board (“Board”) granted individual exemption for a period of three years from the notification of the reasoned decision to the practice that forms the cooperation for receiving payments by sharing open card information between banks without requesting open card information from consumers that allows payment with cardholder’s Turkish ID number, along with the first six and last four digits of the card to be paid in not-on-us transactions within the infrastructure developed for the insurance sector. (24.12.2020, 20-55/769-341) • The Board granted individual exemption for a period of 1 (one) year conditionally within the framework of Article 5 of the Law No.4054 to TekCep Account Activity Automation (TekCep) application developed by Softtech Yazılım Teknolojileri Araştırma Geliştirme ve Pazarlama Ticaret A.Ş. and offered to Türkiye İş Bankası A.Ş.’s corporate customers through İş Cep application and commercial internet banking. (24.12.2020, 20-55/767-340) • The Board decided that the Franchise Contract Renewed for Turkey between Marka Mağazacılık A.Ş. and GAP Europe Limited, GAP (ITM) Inc. and Banana Republic (ITM) Inc. is within the scope of group exception. (21-05/59-26, 28.01.2021) • The Board granted individual exemption to the “Personal Accident Bancassurance Agreement” between BNP Paribas Cardif Emeklilik A.Ş., BNP Paribas Cardif Sigorta A.Ş. and Türk Ekonomi Bankası A.Ş. (21-06/73-33, 04.02.2021) • The Board granted negative clearance within the framework of Article 8 of Law numbered 4054 to the Draft Agreement to be prepared by the Association of Casting Agencies and to be published on the internet site of the Association in order to establish the working procedures and principals between casting agencies and actors, models/photo models affiliated with these agencies, advertising agencies, advertising pro-
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