Recent Keynotes of June 2023
International Agreements
- The Resolution of the President dated 06.06.2023 and numbered 7302 on the Ratification of the Economic and Financial Cooperation Agreement between the Republic of Türkiye and the Turkish Republic of Northern Cyprus for 2023 was published in the Official Gazette dated 07.06.2023 and numbered 32214.
Resolutions of the President
- The Resolution of the President dated 24.05.2023 and numbered 7297 on the Enforcement of the Regulation on Small and Medium-sized Enterprises entered into force through publication in the Official Gazette dated 25.05.2023 and numbered 32201.
- The Resolution of the President dated 25.05.2023 and numbered 7300 on the Extension of the Application and First Installment Payment Periods in the Law No. 7440 on Restructuring of Certain Receivables and Amendments to Certain Laws entered into force through publication in the Official Gazette dated 26.06.2023 and numbered 32202.
- The Resolution of the President dated 11.06.2023 and numbered 7314 on the Amendment to the List No. (1) Annexed to the Resolution of the Council of Ministers dated 30.09.2013 and numbered 2013/5428 on the Freezing of Assets Held at the Disposition of Persons, Institutions or Organizations Listed by the United Nations Security Council Resolutions No. 1267 (1999), 1988 (2011), 1989 (2011) and 2253 (2015) entered into force through publication in the Official Gazette dated 11.06.2023 and numbered 32218 (Bis).
Legislation
- The Regulation on the Amendment to the Regulation on Remote Identification Methods to be Used by Banks and Establishment of Contractual Relationship in Electronic Environment was published in the Official Gazette dated 25.05.2023 and numbered 32201. This Regulation enters into force on 01.06.2023.
- The Communiqué on the Procedures and Principles Regarding the Cancellation of Energy Consumption Fees under the State of Emergency entered into force through publication in the Official Gazette dated 25.05.2023 and numbered 32201.
- The Communiqué on the Amendment to the Communiqué on the Financial Statements to be Disclosed by Banks and the Related Explanations and Footnotes was published in the Official Gazette dated 26.05.2023 and numbered 32202. This Communiqué enters into force on 01.01.2024.
- The Regulation on Banks’ Calculation of Net Stable Funding Ratio was published in the Official Gazette dated 26.05.2023 and numbered 32202. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on Measurement and Assessment of Capital Requirements of Insurance, Reinsurance and Pension Companies entered into force through publication in the Official Gazette dated 26.05.2023 and numbered 32202.
- The Regulation on the Amendment to the Regulation on the Enhancement and Evaluation of Quality in Healthcare entered into force through publication in the Official Gazette dated 26.05.2023 and numbered 32202.
- The Regulation on Technical Maintenance Services for Medical Devices Used in Health Services entered into force through publication in the Official Gazette dated 26.05.2023 and numbered 32202.
- The Regulation on the Amendment to the Regulation on Sale, Advertising and Promotion of Medical Devices was published in the Official Gazette dated 26.05.2023 and numbered 32202. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on the Procedures and Principles Regarding the Electronic Notification System of the Financial Crimes Investigation Board entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Regulation on the Amendment to the Regulation on the Program for Compliance with the Obligations Regarding the Prevention of Laundering Proceeds of Crime and Financing of Terrorism entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Regulation on the Amendment to the Regulation on Natural Gas Market Tariffs entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Regulation on Clinical Research on Medicinal Products for Human Use was published in the Official Gazette dated 27.05.2023 and numbered 32203. The provisions of this Regulation enter into force on different dates.
- The Regulation on the Amendment to the Regulation on Licensing of Medicinal Products for Human Use entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Regulation on the Amendment to the Regulation on Pharmacists and Pharmacies entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Regulation on the Licensing of Medical Products for Advanced Treatment entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Communiqué on the Implementation of Surveillance in Imports (No: 2023/8) was published in the Official Gazette dated 29.05.2023 and numbered 32205. This Communiqué enters into force on the thirtieth day following the date of publication.
- The Communiqué on the Amendment to the Communiqué on the Implementation of Surveillance in Imports (Communiqué No: 2023/7) was published in the Official Gazette dated 29.05.2023 and numbered 32205. This Communiqué enters into force on the thirtieth day following the date of publication.
- The Communiqué on the Amendment to the Communiqué on the Implementation of Surveillance in Imports (Communiqué No: 2017/9) was published in the Official Gazette dated 29.05.2023 and numbered 32205. This Communiqué enters into force on the thirtieth day following the date of publication.
- The Regulation on the Amendment to the Regulation on the Principles and Procedures Regarding the Provision of the Information of the Customers of the Members of the Banks Association of Turkey Risk Center held within the Risk Center to themselves or to the Real or Legal Persons they designate with their approval entered into force through publication in the Official Gazette dated 01.06.2023 and numbered 32208.
- The Regulation on Market Control of Medicinal Products for Human Use entered into force through publication in the Official Gazette dated 01.06.2023 and numbered 32208.
- The National Batch Release Regulation entered into force through publication in the Official Gazette dated 01.06.2023 and numbered 32208.
- The Regulation on the Amendment to the Regulation on Pharmaceutical Trade Houses and Products Stored in Pharmaceutical Trade Houses was published in the Official Gazette dated 01.06.2023 and numbered 32208. The provisions of this Regulation enter into force on different dates.
- The Communiqué on Prevention of Unfair Competition in Imports (No: 2023/20) entered into force through publication in the Official Gazette dated 01.06.2023 and numbered 32208.
- The Regulation on the Amendment to the Regulation on Supply of Medicines from Abroad was published in the Official Gazette dated 03.06.2023 and numbered 32210. This Regulation enters into force on the date of its publication, effective from 03.05.2023.
- The Regulation on Cyber Security Competency Model in the Energy Sector entered into force through publication in the Official Gazette dated 06.06.2023 and numbered 32213.
- The Regulation on the Amendment to the Regulation on Insurance Arbitration entered into force through publication in the Official Gazette dated 07.06.2023 and numbered 32214.
- The Communiqué on the Amendment to the Communiqué on the Implementation of the Regulation on the Qualifications of Tourism Facilities (Communiqué No: 2019/1) entered into force through publication in the Official Gazette dated 08.06.2023 and numbered 32215.
- The Communiqué on the Implementation of the Marine Tourism Regulation entered into force through publication in the Official Gazette dated 10.06.2023 and numbered 32217.
- The Communiqué on the Amendment to the Communiqué on Internet Domain Names entered into force through publication in the Official Gazette dated 10.06.2023 and numbered 32217.
- The Regulation on Control of Health Claims entered into force through publication in the Official Gazette dated 13.06.2023 and numbered 32220.
- The Regulation on the Amendment to the Regulation on the Appointment of Insurance Experts entered into force through publication in the Official Gazette dated 16.06.2023 and numbered 32223.
- The Regulation on the Management of Radiation Emergencies entered into force through publication in the Official Gazette dated 16.06.2023 and numbered 32223.
Mergers and Acquisitions
- The Board authorized the acquisition of all shares of Yemsel Tavukçuluk Hayvancılık Yem Hammaddeleri San. ve Tic. A.Ş. by Şenpiliç Gıda Sanayi A.Ş. (05.05.2023, 23-20/401-136)
- The Board authorized the acquisition of sole control of Borusan Araç Pazarlama Tic. Ltd. by Borusan Oto Servis ve Ticaret A.Ş. (05.05.2023, 23-20/392-135)
- The Board authorized the acquisition of sole control of Stablex Bilişim Teknoloji A.Ş. by Ak Yatırım Menkul Değerler A.Ş. (05.05.2023, 23-20/388-134)
- The Board authorized the acquisition of sole control of Diversey Holdings Ltd. by Platinum Equity Group through Olympus Water Holdings IV, LP. (05.05.2023, 23-20/385-133)
- The Board authorized the acquisition of sole control of Cybereason Inc. by SoftBank Group Corp. (05.05.2023)
- The Board authorized the acquisition of sole control of Cvent Holding Corp. by Blackstone Inc. through Capstone Borrower, Inc. (05.05.2023, 23-20/380-131)
- The Board decided the acquisition of control of Asisguard Savunma San. ve Tic. AŞ by HAVELSAN Hava Elektronik San. ve Tic. A.Ş. is not subject to authorization. (11.05.2023, 23-21/425-BD)
- The Board authorized the acquisition of the joint control of Joy Global S.A.C. by Mitsui & Co. Ltd. through the acquisition of a certain percentage of its shares. (11.05.2023, 23-21/409-139)
- The Board granted conditional authorization for the transfer of the construction and operation rights of the fuel supply and storage facilities to be held by Fraport TAV Antalya Yatırım Yapım ve İşletme A.Ş. at Antalya Airport during the new concession period in accordance with the tender held by the General Directorate of State Airports Operations on 01.12.2021 to Potas Akdeniz Akaryakıt Dağıtım Anonim Şirketi. (12.05.2023, 23-22/426-142)
- The Board authorized the acquisition of the sole control of Limak Doğalgaz Elektrik Üretim A.Ş. by Limak Yatırım Enerji Üretim İşletme Hizmetleri ve İnşaat A.Ş., which currently has joint control over the undertaking. (18.05.2023, 23-23/435-148)
- The Board authorized the acquisition of sole control of M.B.İ.S. Bilgisayar Otomasyon Danışmanlık ve Eğitim Hizmetleri Sanayi ve Ticaret A.Ş. by Nagarro SE. (18.05.2023, 23-23/433-146)
- The Board authorized the acquisition of the control of Univera Bilgisayar Sistemleri Sanayi ve Ticaret A.Ş. and its indirect subsidiary Univis Bilişim Destek Hizmetleri Sanayi ve Ticaret A.Ş. by TURK Elektronik Para A.Ş. (18.05.2023, 23-23/431-145)
- The Board authorized the acquisition of sole control of Heska Corporation by Mars, Incorporated through Antech Diagnostics, Inc. (18.05.2023, 23-23/428-143)
- The Board authorized the acquisition of sole control of Kale Kimya Kimyevi Maddeler Sanayi ve Ticaret A.Ş. by Univar Solutions, Inc. (25.05.2023, 23-24/459-158)
- The Board authorized the acquisition of sole control of Felda IFFCO Gıda San. ve Tic. A.Ş. by IFFCO Holdings Limited through its subsidiary IFFCO Singapore PTE Limited, in which it owns all of the shares. (25.05.2023, 23-24/458-157)
- The Board authorized the acquisition of all shares of Sartonet Seperasyon Teknolojileri Anonim Şirketi by Sartorius Stedim Biotech GmbH (25.05.2023, 23-24/452-156)
- The Board authorized the acquisition of sole control of M.A. MedAlliance SA by Hellman & Friedman LLC indirectly through Bayou Holdings Parent L.P. (25.05.2023, 23-24/451-155)
- The Board authorized the acquisition of the sole control of Qualtrics International Inc. indirectly by Silver Lake Group, L.L.C. (25.05.2023, 23-24/444-152)
- The Board authorized the acquisition of the sole control of Alışan Lojistik A.Ş. by PSA-BDP Turkey Supply Chain Solutions Pte. Ltd. (25.05.2023, 23-24/443-151)
- The Board authorized the acquisition of indirect joint control of Calisen Limited and Maple TopCo Limited by BlackRock Alternatives Management LLC, Ninteenth Investment Company LLC, The Goldman Sachs Group Inc. and Equitix Holdings Limited through Calisen Midco I Limited. (25.05.2023, 23-24/442-150)
- The Board decided that the acquisition of all shares of Bivi1 Enerji Üretimi Sanayi ve Ticaret A.Ş., Çıra Elektrik Enerji Üretimi Sanayi ve Ticaret A.Ş., Çırağan2 Enerji Üretimi Sanayi ve Ticaret A.Ş., Eysan Enerji Sanayi ve Ticaret AŞ, Göbeklitepe Elektrik Üretimi Sanayi ve Ticaret A.Ş. and Narsi Elektrik Üretimi Sanayi ve Ticaret A.Ş. by Peninsula Enerji ve Teknoloji Yatırımları A.Ş. is not subject to authorization. (01.06.2023, 23-25/483-BD)
- The Board decided that the direct or indirect acquisition of all shares of Compressor Controls LLC, Compressor Controls Corporation Middle East LLC, Compressor Controls Mauritius Ltd, Compressor Controls Pty. Ltd., Compressor Controls UK Limited, RI Marketing India Private Limited, Compressor Controls Southeast Asia LLC and Compressor Controls PTE Holdings LLC, owned by Indicor Equity LLC, is not subject to authorization. (01.06.2023, 23-25/473-BD)
- The Board authorized the acquisition of the immovable properties of Doğuş Otomotiv Servis ve Ticaret A.Ş. in Osmangazi district of Bursa province by ARCA Grup Otomotiv İnşaat Sanayi ve Ticaret A.Ş. in order to carry out automotive sales and aftersales services. (01.06.2023, 23-25/482-165)
- The Board authorized the acquisition of sole control of Leoni AG by L2-Beteiligungs GmbH (01.06.2023, 23-25/481-164)
- The Board authorized the acquisition of sole control of Jacobs Douwe Egberts TR by Jacobs Douwe Egberts International B.V. (01.06.2023, 23-25/477-161)
- The Board authorized the establishment of a fully functional joint venture by Saudi Arabian Development Co Ltd and Exel Investments Netherlands BV. (01.06.2023, 23-25/462-159)
- The Board decided that the acquisition of all shares and sole control of Osmanlı Yapı 5 İnşaat Turizm Sanayi ve Ticaret A.Ş. by Ebi Gayrimenkul Yatırımları A.Ş. is not subject to authorization. (07.06.2023, 23-26/505-BD)
- The Board authorized the acquisition of joint control over PT.PATIMBAN International Car Terminal by Toyota Tsusho Corporation, Toyofuji Shipping Co., Ltd., Nippon Yusen Kabushiki Kaisha and Kamigumi Co., Ltd. (07.06.2023, 23-26/502-172)
- The Board authorized the acquisition of joint control of Univar Solutions Inc. by Abu Dhabi Investment Authority through i) investment funds managed by affiliates of Apollo Management, L.P. and ii) Platinum Falcon B 2018 RSC Limited. (07.06.2023, 23-26/496-171)
- The Board authorized the acquisition of the sole control of Software Aktiengesellschaft by investment funds and/or instruments indirectly controlled by Silver Lake Group, L.L.C. (07.06.2023, 23-26/490-168)
- The Board authorized the acquisition of the sole control of Scopely, Inc. by Saudi Electronic Gaming Holding Company (07.06.2023, 23-26/489-167)
- The Board authorized the acquisition of a certain percentage of shares and joint control of Symbio SAS, which is jointly controlled by Spika SAS, a subsidiary of Michelin Group, and Faurecia Exhaust International, a subsidiary of Forvia Group, by Stellantis N.V. through PSA Automobiles SA. (07.06.2023, 23-26/484-166)
Energy
- The Decisions of the Energy Market Regulatory Authority (EMRA) dated 18.05.2023 and numbered 11853, 11855 and 11856 were published in the Official Gazette dated 21.05.2023 and numbered 32197.
- The Decision of EMRA dated 25.05.2023 and numbered 11866 entered into force through publication in the Official Gazette dated 27.05.2023 and numbered 32203.
- The Decisions of EMRA dated 08.06.2023 and numbered 11894 and 11898 were published in the Official Gazette dated 09.06.2023 and numbered 32216.
- The decision of EMRA dated 15.06.2023 and numbered 11906 was published in the Official Gazette dated 17.06.2023 and numbered 32224.
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