NEWSLETTER-2021

80 NEWSLETTER 2021 regarding the transfer made in some cases accepted as an exception to the confidentiality obligation, and the technical and administrative measures taken are requested to be reported to the Banking Regulation and Supervision Agency in six-month periods. Conclusion As stated in the justification of the Regulation, it is aimed that the provisions of this Regulation, which are anticipated following the latest amendments in Article 73 of the Law, will guide the banks in domestic and cross-border transfers and eliminate any hesitancy that may exist in practice. The impact of the draft Regulation, which was published by the BRSA on their website and opened for public opinion, on the sector practices will be seen with the enactment. As per the announcement of the BRSA, the opinions with regard to the Regulation may be sent through e-mail. Therefore, it should be noted that the version to be entered into force may vary.

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