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Banking and finance law in Ankara, Turkey involves a complex mix of national and international regulations. This field covers a wide range of legal issues, such as banking transactions, project financing, investments, financial services, securities, insurance, and financial dispute settlements. The Banking Regulation and Supervision Agency (BRSA) is primarily responsible for overseeing the banking industry, while the Capital Markets Board (CMB) supervises the securities markets in Turkey.
There are several scenarios where you may require legal assistance. If you are involved in complex banking & finance transactions, such as taking out large loans, or planning and managing sizable investments, a lawyer specialized in this field can provide indispensable advice and review the associated contracts. Furthermore, businesses may require legal support for executing commercial transactions, negotiating contracts, or dealing with regulatory authorities such as the BRSA or CMB. In cases of financial disputes, a lawyer can represent you and protect your interests.
The key laws governing the banking and finance sector in Turkey are the Banking Law (No 5411) and Capital Markets Law (No 6362). These laws establish the rules for banking procedures, issuance of securities, banking crimes, and sanctions among others. They are implemented and enforced by BRSA and CMB respectively. Moreover, the Turkish Commercial Code also contains several provisions relevant to banking & finance.
Yes. Non-residents can open bank accounts in Turkey with the mandatory provision of a Turkish tax number, passport and proof of address.
Immediately report the issue to your bank. You can also lodge a complaint with the Financial Crimes Investigation Board. If necessary, consult a lawyer to understand your rights and legal remedies available.
Start by understanding the local market, the regulatory environment, and financially sound investment opportunities. You may also want to engage a local banking & finance lawyer to guide you through the setup and operational requirements.
Yes. The BRSA issued Regulation on Banks' Information Systems and Electronic Banking Services which applies to online banking and finance services.
The BRSA has a consumer helpline where you can lodge a complaint about a bank. For securities-related complaints, you can contact the CMB.
There are numerous resources which can provide useful insights and information. The official websites of the Banking Regulation and Supervision Agency (BRSA) and the Capital Markets Board (CMB) are excellent starting points. Other beneficial resources include local law firm websites and legal information sites like HG.org. In addition, numerous consulting firms and legal advisors in Ankara specialize in banking & finance and can provide personalized advice.
If you need legal assistance, searching for a local lawyer specializing in banking and finance law would be your first step. Consider conducting thorough research into their reputation, expertise, and previous cases. It could also be beneficial to consult with different lawyers or firms to find the one that best fits your needs.
