Payment Systems in Turkey Payment and Electronic Money Institutions are entities licensed to operate as a payment institutions or electronic money institutions pursuant to the Law No. 6493 on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions (“Law No. 6493”) and the Regulation on Payment Services and Electronic Money Issuance and Payment…
Part II: Procedural Provisions This blog post is the second in a series of two blog posts. The aim of the series is to provide a brief overview of the (“Draft Law”, “Turkish DMA”, “Draft” or “Law”). In the first blog post, we focused on the general preamble of the Draft together with the details…
Part I: Prohibitive Provisions This blog post is the first in a series of two blog posts. The objective of this series is to provide a brief overview of the Draft Amendment of the Turkish Competition Act (“Draft Law”, “Turkish DMA”, “Draft” or “Law”). The first blog post focuses on the substantive provisions whereas the…
