You can see the rules and regulations in other jurisdictions.
The sale and marketing of financial services and products may be subject to regulation by the CBRT, Banking Regulation and Supervision Agency (BRSA) and the CMB. The CBRT's Communiqué on Principles on Investment Services and Activities and Ancillary Services (No. III-37.1) as well as the BRSA Regulation on Banks' Procurement of Support Services set out certain restrictions for providers of financial services and vendors related to sale and marketing in Turkey. In addition, as per the BRSA Regulation, payment institutions and e-money institutions are not permitted to grant loans, meaning they are not allowed to engage in advertising or marketing which suggest a loan is available.1
The Turkish Competition Authority's Report on Financial Technologies in Payment Services addresses the need for regulatory rules to prevent exclusionary practices. It supports third-party sharing by taking a step towards its implementation. Additionally, the Regulation on the Sharing of Confidential Information encompasses exceptions to confidentiality obligations and covers principles concerning the transfer and sharing of bank and customer secrets.1
