The Regulation on the Amendment to the Regulation on Bank Cards and Credit Cards is published
The Regulation on the Amendment to the Regulation on Bank Cards and Credit Cards entered into force through publication in the Official Gazette dated 25.09.2020 and numbered 31255.
With the amendments, the provisions of the Regulation on Bank Cards and Credit Cards (“Regulation”) has been brought into compliance with the provisions regarding the “distance agreements” under the Law No. 5464 on Bank Cards and Credit Cards. In this regard, the terms of “permanent data storage unit” and “distant communication tool” are defined under the Regulation.
Additionally, the institutions conducting clearing and settlement activities are excluded from the scope of the Regulation.
Another important amendment is the certain notification obligations of the member businesses, regarding the information on its sub-businesses, for the cases when the member business allows its sub-business to use the POS services. Such notification shall be addressed to the institution which is a party to the member business agreement.
Please find the Turkish version of the Regulation here.
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Amendment to the Communiqué on the Procedures and Principles Regarding the Fees that Banks Can Charge Their Commercial Clients
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Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relations in Electronic Environment is Published
Regulation on Not Using Crypto Assets in Payments is published
General Communiqué of the Financial Crimes Investigation Board is Published
Amendment to the Regulation on Measures Regarding Prevention of Laundering Proceeds of Crime and Financing of Terrorism
Communiqué on Portfolio Management Companies was Amended
The Implementation of Credit Rating is Postponed to December 31st
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The Regulation on Sharing of Confidential Information was Published
RUSF Rate for the Loans Obtained from EBRD and IFC
Amendment to the Regulation on the Procedures and Principles Regarding the Classification of Loans and Provisions to be Set Aside for Them
Amendment to the Regulation on Loan Operations of Banks
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The Communiqué on the Amendment to the Communiqué on Mandatory Reserves is published