Turkey: Key Notes On The Legal Developments Of December 2012

Last Updated: 18 January 2013

International Agreements

  • The Resolution of the Council of Ministers dated 06.12.2012 pertaining to the ratification of IPARD Assistance Under Component 5 of the Instrument For Pre-Accession IPA Agreement between The European Commission and the Republic of Turkey amending the Multi-Annual Financing Agreement 2007-2010 was published in the Official Gazette dated 19.12.2012 and numbered 28502.
  • The Resolution of the Council of Ministers dated 06.12.2012 pertaining to the ratification of the Financing Agreement for the Turkish National Program of 2012 within the scope of Support of Mediator-Transitional Period prior to Succession and Institutional Structuring Component-Section 1-A between the Government of the Turkish Republic and the European Commission and, together with the Notes pertaining to the Declarations regarding the Agreement, was published in the Official Gazette dated 19.12.2012 and numbered 28502.
  • The Resolution of the Council of Ministers dated 26.11.2012 pertaining to the entry into force of the Grant Agreement between the Government of the Republic of Turkey, represented by the Undersecretariat of Treasury, Prime Ministry and the Organization For Economic Co-operation and Development (OECD) signed on  05.09.2012, was published in Official Gazette dated 21.12.2012 and numbered 28504.

 
Resolutions of the Council of Ministers

  • The Resolution of the Council of Ministers dated 05.11.2012 pertaining to the Amendment on the Decision Regarding the Procedures and Principles of the Application of Law No. 3996 Pertaining to the Execution of Certain Investments and Services Through the Build-Operate-Transfer Model was published in the Official Gazette dated 05.12.2012 and numbered 28488.
  • The Resolution of the Council of Ministers dated 31.10.2012 on the Urgent Expropriation of some Immovable Properties by the Akdeniz Electricity Distribution Corporation for the establishment of the Elmalı-Gömbe Energy Transmission Line in Antalya for registration on behalf of the General Directorate of the Turkish Electricity Distribution Corporation Energy was published in the Official Gazette dated 06.12.2012 and numbered 28489.
  • The Resolution of the Council of Ministers dated 09.11.2012 on the Urgent Expropriation of Immovable Property by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of Bedirdüzü-2 Hydroelectric Electricity Plant in Erzincan, Çayırlı district was published in the Official Gazette dated 06.12.2012 and numbered 28489.
  • The Resolution of the Council of Ministers dated 09.11.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of the Kuzey I-II Regulator and Hydroelectric Electricity Plant in Ordu, Kabataş district was published in the Official Gazette dated 06.12.2012 and numbered 28489.
  • The Resolution of the Council of Ministers dated 20.11.2012 on the Urgent Expropriation of some Immovable Properties by the Turkish Electricity Distribution Corporation Energy General Directorate on behalf of the Treasury for the establishment of the Türkgeldi KÖK-Düğüncübaşı-Oklalı Energy Transmission Line and the Türkgeldi Hayvancılık-Alacaoğlu Energy Transmission Line in Kırklareli, Lüleburgaz district was published in the Official Gazette dated 06.12.2012 and numbered 28489.
  • Amendment Resolution of the Council of Ministers dated 12.11.2012 pertaining to Resolution No. 32 on Protection of the Value of Turkish Currency was published in the Official Gazette dated 13.12.2012 and numbered 28496.
  • Amendment Resolution of the Council of Ministers dated 28.12.2012 pertaining to the Resolution on the Utilization of the Income Generated with regards to Implementation of Law No. 6292 on the Improvement and Development of Forest Villagers and To Reclaim Forests Excluded from National Forest Category  and the Sale of National Agricultural Areas was published in the Official Gazette dated 20.12.2012 and numbered 28503.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of the Akpınar Hydroelectric Electricity Plant located within the provincial border of Adıyaman and Kahramanmaraş was published in the Official Gazette dated 30.12.2012 and numbered 28513.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of the Sofular Hydroelectric Electricity Plant within the provincial border of Malatya and Sivas was published in the Official Gazette dated 30.12.2012 and numbered 28513.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of the Çağlayan Regulator and Hydroelectric Electricity Plant within the provincial border of Diyarbakır and Elazığ was published in the Official Gazette dated 31.12.2012 and numbered 28514.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of Okkayası Regulator and Şehitlik Hydroelectric Electricity Plant in Kahramanmaraş, central district was published in the Official Gazette dated 31.12.2012 and numbered 28514.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of Silivri Windpower Plant in İstanbul, Silivri district was published in the Official Gazette dated 31.12.2012 and numbered 28514.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Turkish Electricity Transmission Company General Directorate within the scope of the General Directorate's "154Kv Edirme Substation Renovation Project" was published in the Official Gazette dated 31.12.2012 and numbered 28514.
  • The Resolution of the Council of Ministers dated 04.12.2012 on the Urgent Expropriation of some Immovable Properties by the Energy Market Regulatory Authority on behalf of the Treasury for the establishment of a natural gas distribution system in Balıkesir, Susurluk district was published in the Official Gazette dated 31.12.2012 and numbered 28514.


Legislation

  • The Decision of the High Board of Privatization dated 31.11.2012 numbered 2012/173, 2012/174, 2012/175 and 2012/179 was published in the Official Gazette dated 04.12.2012 and numbered 28487.
  • The Regulation amending the Regulation pertaining to Opening a Workplace and Work Permits entered into force through publication in the Official Gazette dated 06.12.2012 and numbered 28486.
  • Communiqué on Increasing the Inferior Limit of Administrative Fines until 31.12.2013 with respect to article 16/1 of Act No. 4054 on the Protection of Competition (Communiqué No: 2013/1) was published in the Official Gazette dated 06.12.2012 numbered 28489. The Communiqué shall enter into force on 01.01.2013.
  • General Communiqué on Tax Procedural Law (Serial No: 420) was published in the Official Gazette dated 07.12.2012 numbered 28490.
  • Communiqué on the Application of Principles and Procedures pertaining to the General Investment and Financing Facility of 2013 was published in the Official Gazette dated 12.12.2012 and numbered 28495. Different dates of entry into force have been foreseen for different provisions of the Communiqué.
  • Financial Leasing, Factoring and Financing Companies Act No. 6361 entered into force through publication in the Official Gazette dated 13.12.2012 and numbered 28496.
  • Amendment Communiqué (Serial No: IV, No:62) on the Communiqué (Serial No: IV, No: 28) pertaining to the Principles and Procedures with regards to Keeping Records of Dematerialized Capital Market Instruments entered into force through publication in the Official Gazette dated 13.12.2012 and numbered 28496.
  • General Communiqué on Tax Procedural Law (Serial No:421) entered into force through publication in the Official Gazette dated 14.12.2012 and numbered 28497.
  • Communiqué on the Prevention of Unfair Competition in Imports (Communiqué No: 2012/25) entered into force through publication in the Official Gazette dated 14.12.2012 and numbered 28497.
  • Communiqué on the Prevention of Unfair Competition in Imports (Communiqué No: 2012/26) entered into force through publication in the Official Gazette dated 14.12.2012 and numbered 28497.
  • Communiqué on the Prevention of Unfair Competition in Imports (Communiqué No: 2012/27) entered into force through publication in the Official Gazette dated 14.12.2012 and numbered 28497.
  • The Amendment on the Regulation amending the Regulation amending the Regulation pertaining to Principles and Procedures on the Acceptance and Withdrawal of Deposit and Participation Fund and the Time-Bared Deposit, Participation Fund, Escrow and Receivables entered into force through publication, effective as of 01.11.2012, in the Official Gazette dated 14.12.2012 and numbered 28497.
  • The Decision of the High Board of Privatization dated 14.12.2012 and numbered 2012/183 was published in the Official Gazette dated 19.12.2012 and numbered 28502.
  • The Regulation amending the Regulation pertaining to the Risk Center of the Banks Association of Turkey  entered into force through publication in the Official Gazette dated 19.12.2012 and numbered 28502.
  • Communiqué on Commercial Books entered into force through publication in the Official Gazette dated 19.12.2012 and numbered 28502.
  • Amendment Communiqué (Transit Transactions) (Serial No:4) on the General Custom Communiqué (Transit Transactions) (Serial No:3) entered into force through publication in the Official Gazette dated 20.12.2012 and numbered 28503.
  • The Decision of the High Board of Privatization dated 19.12.2012 numbered 2012/184, 2012/185, 2012/186, 2012/187, 2012/188, 2012/189, 2012/190, 2012/191 and 2012/192 was published in the Official Gazette dated 20.12.2012 and numbered 28503.
  • Communiqué on the Protection Methods in Imports (Communiqué No: 2012/16) entered into force through publication in the Official Gazette dated 21.12.2012 and numbered 28504.
  • Amendment Communiqué (Serial No: 2012/4) pertaining to Communiqué (No: 2008/6) on International Bank Account Numbers entered into force through publication in the Official Gazette dated 21.12.2012 and numbered 28504.
  • The Regulation amending the Regulation pertaining to Principles of Implementation of Tariffs in the Highways Motor Vehicles Liability Insurance was published in the Official Gazette dated 25.12.2012 and numbered 28508. The regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Regulation pertaining to the Determination of the Quality of Loans and Other Receivables of Banks and the Principles and Procedures on Provisions Allocated For Them entered into force through publication in the Official Gazette dated 25.12.2012 and numbered 28508.
  • Amendment Tariff and Directive pertaining to the Tariff and Directive on Compulsory Liability Insurance for Hazardous Materials was published in the Official Gazette dated 25.12.2012 and numbered 28508. The Tariff and Directive shall enter into force on 01.01.2013.
  • Amendment Tariff and Directive pertaining to the Tariff and Directive on Compulsory Highway Transport Financial Liability Insurance was published in the Official Gazette dated 25.12.2012 and numbered 28508. The Tariff and Directive shall enter into force on 01.01.2013.
  • Communique on the Principles and Procedures in Claims For Foreign Notification and Rogatory was published in the Official Gazette dated 25.12.2012 and dated 28508. The Communique shall enter into force on 01.01.2013.
  • Amendment Communiqué (Communique No: 2012/28) on the Communiqué pertaining to the Prevention of Unfair Competition in Imports (Communiqué No: 2008/33) entered into force through publication in the Official Gazette dated 25.12.2012 and numbered 28508.
  • Communiqué on Classification of Goods and Services with respect to Trademark Registry Applications (TPI: 2012/3) was published in the Official Gazette dated 25.12.2012 and numbered 28509. The Communiqué shall enter into force on 01.01.2013.
  • The Decision of the High Board of Privatization dated 20.12.2012 numbered 2012/196 was published in the Official Gazette dated 26.12.2012 and numbered 28509.
  • The Attestation Fee Tariff of 2013 was published in the Official Gazette dated 28.12.2012 and numbered 28511. The tariff shall enter into force on 01.01.2013.
  • Communiqué on the Compulsory Earthquake Insurance Tariff and Directive was published in the Official Gazette dated 29.12.2012 and numbered 28512. The second paragraph of the first article of the Communiqué shall enter into force on 01.03.2013 and the other provisions on 01.01.2013.
  • The General Conditions amending the General Conditions on Compulsory Earthquake Insurance Tariff was published in the Official Gazette dated 29.12.2012 and numbered 28512. The Tariff shall enter into force on 01.01.2013.
  • Communiqué on Determining the Default Interest Rate with respect to Late Payments Made to the Creditor for Supply of Goods and Services was published in the Official Gazette dated 29.12.2012 and numbered 28512. The Communiqué shall enter into force on 01.01.2013.
  • Amendment Communiqué (Communique No: 2012/3) on the Communiqué pertaining to Mergers and Acquisitions Requiring the Permission of the Competition Board (Communiqué No: 2010/4) was published in the Official Gazette dated 29.12.2012 and numbered 28512. The Communiqué shall enter into force on 01.01.2013.
  • The Decisions of High Board of Privatization dated 28.12.2012 numbered 2012/199 and 2012/200 was published in the Official Gazette dated 29.12.2012 and numbered 28512.
  • The Minimum Attorney Fee Tariff entered into force through publication in the Official Gazette dated 29.12.2012 and numbered 28512.
  • Communiqué on Liquidation and Deleting Trade Registry Entries of Joint-Stock and Limited Companies and Cooperatives Which Are Not Dissolved despite being Liquidated entered into force through publication in the Official Gazette dated 30.12.2012 and numbered 28513.
  • Communiqué on Supervision of Complying With the Standards in Import (Security and Supervision of Goods: 2013/1) was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. Provisional Article 1 of the Communiqué shall enter into force on 01.01.2013; the first paragraph of Article 6 and the fourth paragraph of Article 9 on 01.07.2013 and the others on 15.02.2013.
  • The Regulation on Independent Auditing entered into force through publication in the Official Gazette dated 26.12.2012 and numbered 28509.
  • Amendment Communiqué on the Communiqué pertaining to the Supervision Implementation in Imports (Communiqué No: 2012/7) entered into force through publication in the Official Gazette dated 29.12.2012 and numbered 28512, effective as of 15.12.2012.
  • The Capital Market Law entered into force through publication in the Official Gazette dated 30.12.2012 and numbered 28513.
  • Amendment Communiqué (Serial No: 2) on the Communiqué pertaining to Turkish Financial Reporting Standards with regards to Financial Instruments (TFRS 9) (Serial No: 172) entered into force through publication in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513.
  • Amendment Communiqué (Serial No: 3) on the Communiqué pertaining to Turkish Financial Reporting Standards with regards to Financial Instruments (TFRS 9) (Serial No: 211) entered into force through publication in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513.
  • TFRS 7 Financial Instruments: Amendment Communiqué (Serial No: 4) on the Communiqué pertaining to Turkish Financial Reporting Standards (TFRS 7) With Regards to the Explanations (Serial No: 42) entered into force through publication in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513.
  • The Regulation amending the Regulation pertaining to Technical Regulations in Foreign Trade and Standardization was published in the Official Gazette dated 31.12.2012 and numbered 28514. The Regulation shall enter into force on 01.02.2013.
  • General Custom Communiqué (Custom Transactions) (Serial No: 101) was published in the 4. Reiterated Official Gazette dated 31.12.2012 and numbered 28514. The Communiqué shall enter into force on 01.01.2013.
  • General Communiqué on Tax Procedural Code (Serial No: 422) was published in the 4. Reiterated Official Gazette dated 31.12.2012 and numbered 28514.
  • General Communiqué on Value Added Tax (Serial No: 121) was published in the 4. Reiterated Official Gazette dated 31.12.2012 and numbered 28514.
  • Amendment Communiqué (Serial No: V, No: 133) on the Communiqué pertaining to the Purchase of Credit, Short Selling and Borrowing and Lending Transactions of Capital Market Instruments (Serial No: V, No:65) entered into force through publication in the 4. Reiterated Official Gazette dated 31.12.2012 and numbered 28514.

  • Competition
  • The Competition Board ("Board") authorized the provision of compulsory traffic insurance sales services by TÜVTURK Kuzey Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş. and TÜVTURK Güney Taşıt Muayene İstasyonları Yapım ve İşletim A.Ş. (06.12.2012, 12-60/1616-593).
  • As a result of the examination conducted in response to the request for the grant of a certificate of negative clearance to the Professional Classification Draft Recommendation and the Communiqué on the Structure and Work Principles and Procedures of the Fictitious Transaction Evaluation Committee, prepared by the Banks Association of Turkey and Participation Banks Association of Turkey in order to prevent fictitious transactions, the Board decided that no action was necessary under the Act no 4054. (13.12.2012, 12-64/1640-602).
  • As a result of the examination conducted in response to the claim that Act No. 4054 and Communiqué No. 2002/2 were violated by Opet Petrolcülük A.Ş. through vertical agreements and various practices, the Board decided that:The vertical relationship established with various contracts signed between Pendik Petrol Ürünleri İnşaat Turizm Gıda San. ve Tic. Ltd. Şti., Mustafa YILMAZ and Opet Petrolcülük A.Ş. benefited from the block exemption granted by the Communiqué No. 2002/2 until 08.07.2012; and that it was out of the scope of the block exemption after that date; that the relationship did not fall under the exception provision in Article 5/a of the same Communiqué;
    2- However,  due to the fact that under the relevant vertical agreement a new gas station was established on a property over which there was previously no liquid fuel dealership business and the investment costs for the station were covered by Opet Petrolcülük A.Ş., the relevant vertical agreement should be granted an individual exemption for 10 years as of 07.08.2007, provided that the parties agree to allow the dealership to terminate the agreement by making a payment corresponding to any remaining duration of the relationship-specific investment covered by Opet Petrolcülük A.Ş. (19.12.2012, 12-65/1650-605).
  • The Board authorized the information sharing of Toyota Pazarlama ve Satış A.Ş. with its authorized seller and services within the scope of "Dealer Management System". (27.12.2012,12-68/1695-629)

 
Mergers & Acquisitions

  • The Board decided that, within the framework of the privatization of 100% of the shares of Akdeniz Elektrik Dağıtım A.Ş. via the block sales method, the acquisition of the aforementioned shares by any of the bidders, Cengiz-Kolin-Limak Joint Venture Group or GENPA Telekomünikasyon ve İletişim Hizmetleri San. ve Tic. A.Ş. or Elsan-Tümaş-Karaçay Joint Venture Group could be authorized. (06.12.2012, 12-62/1632-597)  
  • The Board authorized Mayıs Gayrimenkul Taahhüt İnşaat Sanayi ve Ticaret Ltd. Şti.'s acquisition of 56.09% of the shares in Doğusan Boru Sanayi ve Ticaret A.Ş., currently owned by İller Bankası Genel Müdürlüğü (General Directorate of Provincial Bank). (06.12.2012, 12-62/1622-596)
  • The Board authorized the establishment of a joint venture under the title KS EP Investments B.V. by MOL Hungarian Oil and Gas Plc and JSC KazMunaiGas Exploration Production. (06.12.2012, 12-62/1608-585)
  • The Board authorized the share transfer transaction which would result in the transfer of EBC Eczacıbaşı-Beiersdorf Kozmetik Ürünler San. ve Tic. A.Ş. from the joint control of Beiersdorf AG and the Eczacıbaşı Corporate Group to the sole control of Beiersdorf AG. (06.12.2012, 12-62/1609-586)
  • As a result of the examination conducted in response to the authorization of the acquisition of operation rights for a period of 25 years, within the scope of the privatization of motorways and bridges maintained, repaired and operated by the Directorate General for Highways, the Board decided that: Acquisition by:
    - Nurol Holding A.Ş.-MV Holding A.Ş.-Alsim Alarko San. Tes. ve Tic. A.Ş.- Kalyon İnş. San. ve Tic. A.Ş.-Fernas İnş. A.Ş. Joint Venture Group,
    - Koç Holding A.Ş.-UEM Group Berhad-Gözde Gir. Ser. Yat. Ortaklığı A.Ş. Joint Venture Group and
    - Autostrade Per I'Italia S.P.A-Doğuş Holding A.Ş.-Makyol İnş. San. Tur. ve Tic. AŞ.-Akfen Holding A.Ş. Joint Venture Group was subject to authorization in accordance with Article 7 of Act No. 4054 of  Communiqué No. 1998/4 entitled "Communiqué  on the Procedures and Principles to be Pursued in Pre-Notifications and Authorization Applications to be Filed with the Competition Authority in order for Acquisitions via Privatization to Become Legally Valid";
    2- A potential acquisition by any of the aforementioned bidders would not lead to the creation or strengthening of a dominant position as prohibited by the same article of the Act and, consequently to a significant lessening of competition within the relevant market; thus the notified transactions should be authorized. (13.12.2012, 12-64/1639-601)
  • The Board authorized the acquisition of 74.25% of the shares of Doors Holding A.Ş. by Nahita Restoran İşletmeciliği ve Yatırım A.Ş. and Garanti Turizm Yatırım ve İşletme A.Ş., Doğuş Holding A.Ş., Doğuş Turizm Sağlık Yatırımları ve İşletmeciliği San. ve Tic. A.Ş. and Arena Giyim Sanayi Turizm ve Ticaret A.Ş. (19.12.2012, 12-65/1653-608)
  • In response to the request for authorization of Eyyüpoğlu Mühendislik Elektrik Enerjisi Toptan Satış Ltd. Şti's acquisition of the operation rights of Bozüyük, Haraklı-Hendek and Pazarköy-Akyazı hydroelectric plants, which are among the group of Elektrik Üretim A.Ş.'s power plants to be privatized, was authorized.   The Board decided that:Eyyüpoğlu Mühendislik Elektrik Enerjisi Toptan Satış Ltd. Şti.'s acquisition of Bozüyük, Haraklı-Hendek and Pazarköy-Akyazı hydroelectric plants, which are owned by Elektrik Üretim A.Ş., within the framework of their privatization via the transfer of operation rights was subject to authorization by the Competition Board under the "Communiqué on the Procedures and Principles to be Pursued in Pre-Notifications and Authorization Applications to be Filed with the Competition Authority in order for Acquisitions via Privatization to Become Legally Valid, No. 1998/4";
    2- The acquisition would not result in the creation or strengthening of a dominant position, and thus in significant lessening of competition within the relevant market.  Therefore, the relevant acquisition should be authorized in accordance with Article 7 of Act No. 4054 as well as with the "Communiqué Concerning the Mergers and Acquisitions Calling for the Authorization of the Competition Board" numbered 2010/4. (19.12.2012, 65/1651-606)
  • The Board authorized the establishment of a joint venture company operating in the venture capital investment services market in Turkey by Doğuş Holding A.Ş. and Solaris Partners Pte Ltd. (27.12.2012, 12-68/1692-627)
  • The Board authorized the acquisition of all current common stocks of Eurobank Ergasias by National Bank of Greece S.A. (27.12.2012, 12-68/1691-626)
  • The Board authorized the acquisition of ISE Holding L.P's shares in ISE Beteiligungs GmbH by Grupo Proeza S.A.P.I. de C.V. through Metalsa Germany GmbH. (27.12.2012, 12-68/1690-625)
  • The Board authorized the establishment of joint control over Medyamaks Maksimum Reklam İletişim Film Prod. Paz. Yay. Hiz. ve Tic. A.Ş. by Havas Management España, S.L. with Ayşe Fisun Medran and Başak Narin Erkıran Görenler. (27.12.2012, 12-68/1680-616)
  • The Board authorized the acquisition of control of Abraaj Viking Management Limited, Viking Services Management Limited and Viking Services Investment L.P jointly by XR Investment Holding, Abraaj Group and the Dalea Group through the acquisition of 42.96% of the shares of Abraaj Viking Management Limited by XRC3 Limited. (27.12.2012, 12-68/1704-630)

Energy

  • The Regulation amending the Regulation on Natural Gas Market Tariffs entered into force through publication in the Official Gazette dated 13.12.2012 numbered 28496.
  • The Communiqué on Pecuniary Penalties to be Applicable in 2013 Pursuant to Article 11 of the Electricity Market Law; the Communiqué on Pecuniary Penalties to be Applicable in 2013 Pursuant to Amendment of Article 9 of the Electricity Market Law and Article 9 of the Law on the Natural Gas Market; the Communiqué on Pecuniary Penalties to be Applicable in 2013 Pursuant to Article 19 of the Petroleum Market Law; the Communiqué on Pecuniary Penalties to be Applicable in 2013 Pursuant to the Liquefied Petroleum Gas Market Law and Amendment of Article 16 of the Electricity Market Law were published in the Official Gazette dated 19.12.2012 and numbered 28502.
  • The Regulation on Service Quality with respect to Electricity Distribution and Retail Sales entered into force through publication in the Official Gazette dated 21.12.2012 numbered 28504.
  • The Regulation amending the Regulation pertaining to National Marker Implementation in the Oil Market entered into force through publication in the Official Gazette dated 29.12.2012 and numbered 28512.
  • The Regulation amending the Electricity Market Distribution Regulation was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Electricity Market Balancing and Settlement Regulation was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Electricity Market Import and Export Regulation was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Electricity Market Licensing Regulation was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Regulation concerning Unlicensed Generation of Electricity in the Electricity Market was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • The Regulation amending the Regulation on Certification and Supporting of Renewable Energy Sources was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • Amendment Communiqué on the Communiqué on Drawing up a Retail Sales Agreement in the Electricity Market was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • Amendment Communiqué on the Communiqué pertaining to Regulating Revenue From Retail Sales Services and Retail Energy Sales Prices was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013.
  • Amendment Communiqué on the Communiqué concerning the Applications of the Unlicensed Generation of Electricity in the Electricity Market Regulation was published in the 2. Reiterated Official Gazette dated 30.12.2012 and numbered 28513. The Regulation shall enter into force on 01.01.2013

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    You may use the Website but are required to register as a user if you wish to read the full text of the content and articles available (the Content). You may not modify, publish, transmit, transfer or sell, reproduce, create derivative works from, distribute, perform, link, display, or in any way exploit any of the Content, in whole or in part, except as expressly permitted in these terms & conditions or with the prior written consent of Mondaq Ltd. You may not use electronic or other means to extract details or information about Mondaq.com’s content, users or contributors in order to offer them any services or products which compete directly or indirectly with Mondaq Ltd’s services and products.

    Disclaimer

    Mondaq Ltd and/or its respective suppliers make no representations about the suitability of the information contained in the documents and related graphics published on this server for any purpose. All such documents and related graphics are provided "as is" without warranty of any kind. Mondaq Ltd and/or its respective suppliers hereby disclaim all warranties and conditions with regard to this information, including all implied warranties and conditions of merchantability, fitness for a particular purpose, title and non-infringement. In no event shall Mondaq Ltd and/or its respective suppliers be liable for any special, indirect or consequential damages or any damages whatsoever resulting from loss of use, data or profits, whether in an action of contract, negligence or other tortious action, arising out of or in connection with the use or performance of information available from this server.

    The documents and related graphics published on this server could include technical inaccuracies or typographical errors. Changes are periodically added to the information herein. Mondaq Ltd and/or its respective suppliers may make improvements and/or changes in the product(s) and/or the program(s) described herein at any time.

    Registration

    Mondaq Ltd requires you to register and provide information that personally identifies you, including what sort of information you are interested in, for three primary purposes:

    • To allow you to personalize the Mondaq websites you are visiting.
    • To enable features such as password reminder, newsletter alerts, email a colleague, and linking from Mondaq (and its affiliate sites) to your website.
    • To produce demographic feedback for our information providers who provide information free for your use.

    Mondaq (and its affiliate sites) do not sell or provide your details to third parties other than information providers. The reason we provide our information providers with this information is so that they can measure the response their articles are receiving and provide you with information about their products and services.

    Information Collection and Use

    We require site users to register with Mondaq (and its affiliate sites) to view the free information on the site. We also collect information from our users at several different points on the websites: this is so that we can customise the sites according to individual usage, provide 'session-aware' functionality, and ensure that content is acquired and developed appropriately. This gives us an overall picture of our user profiles, which in turn shows to our Editorial Contributors the type of person they are reaching by posting articles on Mondaq (and its affiliate sites) – meaning more free content for registered users.

    We are only able to provide the material on the Mondaq (and its affiliate sites) site free to site visitors because we can pass on information about the pages that users are viewing and the personal information users provide to us (e.g. email addresses) to reputable contributing firms such as law firms who author those pages. We do not sell or rent information to anyone else other than the authors of those pages, who may change from time to time. Should you wish us not to disclose your details to any of these parties, please tick the box above or tick the box marked "Opt out of Registration Information Disclosure" on the Your Profile page. We and our author organisations may only contact you via email or other means if you allow us to do so. Users can opt out of contact when they register on the site, or send an email to unsubscribe@mondaq.com with “no disclosure” in the subject heading

    Mondaq News Alerts

    In order to receive Mondaq News Alerts, users have to complete a separate registration form. This is a personalised service where users choose regions and topics of interest and we send it only to those users who have requested it. Users can stop receiving these Alerts by going to the Mondaq News Alerts page and deselecting all interest areas. In the same way users can amend their personal preferences to add or remove subject areas.

    Cookies

    A cookie is a small text file written to a user’s hard drive that contains an identifying user number. The cookies do not contain any personal information about users. We use the cookie so users do not have to log in every time they use the service and the cookie will automatically expire if you do not visit the Mondaq website (or its affiliate sites) for 12 months. We also use the cookie to personalise a user's experience of the site (for example to show information specific to a user's region). As the Mondaq sites are fully personalised and cookies are essential to its core technology the site will function unpredictably with browsers that do not support cookies - or where cookies are disabled (in these circumstances we advise you to attempt to locate the information you require elsewhere on the web). However if you are concerned about the presence of a Mondaq cookie on your machine you can also choose to expire the cookie immediately (remove it) by selecting the 'Log Off' menu option as the last thing you do when you use the site.

    Some of our business partners may use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies and we are not aware of any at present that do so.

    Log Files

    We use IP addresses to analyse trends, administer the site, track movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.

    Links

    This web site contains links to other sites. Please be aware that Mondaq (or its affiliate sites) are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of these third party sites. This privacy statement applies solely to information collected by this Web site.

    Surveys & Contests

    From time-to-time our site requests information from users via surveys or contests. Participation in these surveys or contests is completely voluntary and the user therefore has a choice whether or not to disclose any information requested. Information requested may include contact information (such as name and delivery address), and demographic information (such as postcode, age level). Contact information will be used to notify the winners and award prizes. Survey information will be used for purposes of monitoring or improving the functionality of the site.

    Mail-A-Friend

    If a user elects to use our referral service for informing a friend about our site, we ask them for the friend’s name and email address. Mondaq stores this information and may contact the friend to invite them to register with Mondaq, but they will not be contacted more than once. The friend may contact Mondaq to request the removal of this information from our database.

    Emails

    From time to time Mondaq may send you emails promoting Mondaq services including new services. You may opt out of receiving such emails by clicking below.

    *** If you do not wish to receive any future announcements of services offered by Mondaq you may opt out by clicking here .

    Security

    This website takes every reasonable precaution to protect our users’ information. When users submit sensitive information via the website, your information is protected using firewalls and other security technology. If you have any questions about the security at our website, you can send an email to webmaster@mondaq.com.

    Correcting/Updating Personal Information

    If a user’s personally identifiable information changes (such as postcode), or if a user no longer desires our service, we will endeavour to provide a way to correct, update or remove that user’s personal data provided to us. This can usually be done at the “Your Profile” page or by sending an email to EditorialAdvisor@mondaq.com.

    Notification of Changes

    If we decide to change our Terms & Conditions or Privacy Policy, we will post those changes on our site so our users are always aware of what information we collect, how we use it, and under what circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we will notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

    How to contact Mondaq

    You can contact us with comments or queries at enquiries@mondaq.com.

    If for some reason you believe Mondaq Ltd. has not adhered to these principles, please notify us by e-mail at problems@mondaq.com and we will use commercially reasonable efforts to determine and correct the problem promptly.

    By clicking Register you state you have read and agree to our Terms and Conditions