Pursuant to the new communiqués published by the Capital Markets Board of Turkey, the procedures and principles regarding the remote identification methods to be used by investment institutions and the establishment of the contractual relation in the electronic environment are regulated.

Pursuant to the new resolution published by the Banking Regulation and Supervision Agency, risk weight of commercial cash loans is increased regarding the non-financial institution residents in Turkey that enter into derivative transactions with the non-residents for the purpose of effective functioning of the loan system.

Pursuant to the new resolution published by the Banking Regulation and Supervision Agency, commercial cash loans in Turkish Lira extended to certain Turkish companies are restricted as a measure to restrict the deposits of local companies on FX cash or investments on FX originated foreign securities.