12 Apr 2017
Turkey’s Environmental and Urbanisation Ministry has introduced new principles for wind and solar power plants (“WPP” and “SPP” respectively). The rules outline restrictions on existing and new generation facilities in protected natural areas, as well as criteria where the […]
12 Apr 2017
Turkey’s Public Oversight, Accounting and Auditing Standards Authority (“Authority”) has softened restrictions for individuals working as independent auditors. The new rules clarify the prohibition on individual auditors which prevents them from working for or being a shareholder, manager or […]
12 Apr 2017
Turkey’s Tobacco and Alcohol Market Regulatory Board has increased compliance and service fees by 3.83% for 2017. Increases apply to compliance and service fees for Certificates of Compliance for building new facilities, as well as Project Alterations for the […]
6 Apr 2017
The Turkish Competition Authority recently published a decision about a negative clearance/individual exemption application for an agreement between two competing insurance companies. The Competition Board’s (“Board”) decision signals that co-insurance and re-insurance agreements between competitors should be considered competition […]
5 Apr 2017
Turkey’s energy regulator has updated the electricity market license regulatory regime. The changes relate to integration of general principles for production licenses and pre-licenses for Renewable Energy Resource Areas (“RERA”) within the existing licencing regime (more). The Energy Market […]
29 Mar 2017
Turkey’s Energy Market Regulatory Authority has introduced principles for natural gas distribution license holders to determine tariffs, identify investments deemed to be network building expenditures, as well as upper limits for these investments. The principles are intended to increase […]
22 Mar 2017
Turkey’s Energy Markets Regulatory Authority (“Authority”) has determined procedures and principles for investments necessary to deliver natural gas to areas with populations over 20,000 which do not fall within licenses holders’ current geographic license scopes. BOTAŞ, the state-owned transmission […]
22 Mar 2017
LPG license amendment fees will no longer apply in Turkey for address changes to lots, sections and parcels. Address changes due to the authorized administration changing the name of the street, boulevard etc. were already exempt from the license […]
20 Mar 2017
From 3 January 2017, camera systems must be installed in LPG tube distribution centres and retail outlets, as well as where tubes are stored. The systems should detect people entering or exiting the workplace. Video records must be saved […]
15 Mar 2017
Turkey’s Energy Market Regulatory Board (“Board”) has amended certain requirements for the Petroleum Pipeline Corporation’s (BOTAS) operation of the national natural gas transmission pipeline network. Changes apply to time limits for End of Day Trade, notifications regarding capacity transfers […]
