Answer ... The major development expected in relation to the Turkish competition law regime is the adoption of the draft law amending Law 4054.
Currently, another significant expected development is the introduction of the Draft Regulation on Administrative Monetary Fines for the Infringement of Law 4054, which is set to replace the Regulation on Monetary Fines for Restrictive Agreements, Concerted Practices, Decisions and Abuse of Dominance. There is no anticipated date for the enactment of the draft regulation, which is heavily inspired by the EU guidelines on the method of setting fines set out in Article 23(2)(a) of EU Regulation 1/2003. Thus, the introduction of the draft regulation clearly demonstrates the Competition Authority’s intention to bring the secondary legislation into line with EU competition law during the harmonisation process. The draft regulation was sent to the Turkish Parliament on 17 January 2014, but no enactment date has as yet been announced.