SWIFT AMENDMENTS TO THE E-MONEY REGULATIONS: MASSIVE HIKES IN REQUIREMENTS FOR INSTITUTIONS:

Long Awaited Regulations Introduced for E-Money and Payment Services:

New regulations concerning payment services have been introduced in Turkey, with the aim of aligning the provisions with the Payment Services Directive 2.

New Law on Payment & Security Reconciliation Systems, Payment Services and Electronic Money Organisations:

The Law on Payment and Security Reconciliation Systems, Payment Services and Electronic Money Organisations numbered 6493 (the “Law”) has entered into force as of 27 June 2013, upon its publication in the Official Gazette numbered 28690.