Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (RG - 27.06.2023)

The periods stipulated below have been extended until 30.09.2023 upon the entry into force of the Regulation Amending the Regulation on Payment Services and Electronic Money Issuance and Payment Service Providers (“Regulation”) published in the Official Gazette dated 27.06.2023 and numbered 32234:

• The compliance period for provisions brought with the Regulation and previously not included in the repealed Regulation on Payment Services and Electronic Money Issuance and Payment Institutions and Electronic Money Institutions (indicated in the first paragraph of the provisional Article 1 of the Regulation),
• The period stipulated for that the services which are in use as of the effective date of the Regulation but which may not be considered within the scope of the fifth paragraph of Article 18 of the Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions pursuant to the seventh paragraph of Article 5 of the Regulation and the legal entities providing these services, to comply with the provisions of the Regulation, excluding Articles 34 and 35 (indicated in the fifth paragraph of the provisional Article 1 of the Regulation),
• The compliance period for the obligations to be fulfilled within the scope of the fifth paragraph of Article 59 of the Regulation by payment service providers having payment accounts as of the effective date of the Regulation and are among the top ten participants as to the total number in terms of payment transactions to the account carried out in the Bank Payment Systems in the year of 2020 (indicated in the ninth paragraph of the provisional Article 1 of the Regulation),
• The period during which data sharing services, of which technical requirements have been determined within the scope of the first paragraph of Article 59 of the Regulation, may be continued to be provided using non-standard services (indicated in the the eleventh paragraph of the provisional Article 1 of the Regulation),
• The period during which the institutions granted operating licences as part of the seventeenth and eighteenth paragraphs of the provisional Article 1 of the Regulation will be obliged to comply with the non-applicable provisions of the Regulation and the provisions of the regulations to be issued by the Central Bank of the Republic of Turkey pursuant to the first paragraph of Article 31 of the Regulation.

The periods stipulated below have been extended until 30.09.2023 upon the entry into force of the Communiqué Amending the Communiqué on Information Systems of Payment and Electronic Money Institutions and Data Sharing Services of Payment Service Providers in the Field of Payment Services ("Communiqué") published in the Official Gazette dated 27.06.2023 and numbered 32234:

• The compliance period for the provisions brought with the Communiqué and previously not included in the repealed Communiqué on Management and Audit of Information Systems of Payment Institutions and Electronic Money Institutions (indicated in the ninth paragraph of the provisional Article 1 of the Communiqué),
• The compliance period for the obligations to be fulfilled within the scope of the first paragraph of Article 24 of the Communiqué by payment service providers having payment accounts as of the effective date of the Communiqué and are among the top ten participants as to the total number in terms of payment transactions to the account carried out in the Bank Payment Systems in 2020 (indicated in the second paragraph of the provisional Article 1 of the Communiqué),
• The period during which data sharing services, of which technical requirements have been determined within the scope of the sixth paragraph of Article 23 of the Communiqué, may be continued to be provided by using non-standard services (indicated in the third paragraph of the provisional Article 1 of the Communiqué).