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NEW REGULATIONS REGARDING ELECTRONIC COMMERCE INTERMEDIARY SERVICE PROVIDERS
NEW REGULATIONS REGARDING ELECTRONIC COMMERCE INTERMEDIARY SERVICE PROVIDERS

The Regulation on Electronic Commerce Intermediary Service Providers and Electronic Commerce Service Providers was published in the Official Gazette dated 29 December 2022 and numbered 32058 in which new concepts and regulations introduced by the Law on the Regulation of Electronic Commerce on 07 July 2022 are specified in detail.

ELECTRONIC PRODUCT RECEIPTS IN LICENSED WAREHOUSING SYSTEM
ELECTRONIC PRODUCT RECEIPTS IN LICENSED WAREHOUSING SYSTEM

The Licensed Warehousing System is the system in which the trade of agricultural products suitable for warehouse are carried out within the Licensed Warehouse Enterprises and through warehouse receipts representing the ownership of such products. Product receipts can be physical or electronic. Electronic warehouse receipts are subject to regulation on Electronic Warehouse Receipts Regulation No. 28110 dated 12.11.2011.

CENTRAL REGİSTRY AGENCY (CRA)
CENTRAL REGİSTRY AGENCY (CRA)

’With the addition of Article 10/A titled "Dematerialization of Capital Market Instruments" to the 'Capital Market Law' in 1999, a legal dematerialization system was introduced in terms of capital market instruments. With the establishment of the Central Registry Agency, which will carry out this system, on 28.11.2005, the dematerialized system started to be implemented.

TAXATION OF FOREIGN COMPANIES DUE TO TRANSFER OF SHARES IN LIMITED LIABILITY COMPANIES
TAXATION OF FOREIGN COMPANIES DUE TO TRANSFER OF SHARES IN LIMITED LIABILITY COMPANIES

The foreign company, which is a party to the share transfer of Turkish limited liability company, shall be subject to TCC in terms of share transfer to be made in Turkey, even if its head office is not located in Turkey.

LIABILITY OF INTERMEDIARY SERVICE PROVIDERS FOR SALES OF DEFECTIVE GOODS
LIABILITY OF INTERMEDIARY SERVICE PROVIDERS FOR SALES OF DEFECTIVE GOODS

The liability of the intermediary service provider for defects has been regulated in the Law on the Regulation of Electronic Commerce numbered 6563 and the Regulation on the Service Providers and Intermediary Service Providers of Electronic Commerce numbered 29457.

UNLICENSED SOLAR ENERGY GENERATION
UNLICENSED SOLAR ENERGY GENERATION

The latest amendment on the "Regulation for Unlicensed Electricity Production in the Electricity Market" entered into force after being published in the Official Gazette dated 11.08.2022 and numbered 31920. According to the article 11 of the Regulation, the limit for unlicensed generation facilities whose production and consumption is connected at the same point has been increased to 25 kW (including 25 kW) from 10kW.