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NewsTHE DECLARATION ABOUT THE PLANNING AND APPLICATION PROCESS OF CONSTRUCTIONS AND FACILITIES AT COASTAL HAS BEEN ANNOUNCED AT OFFICIAL GAZETTE

August 1, 20110

1- The declaration about the planning and application process of constructions and facilities at coastal has been announced at Official Gazette

The declaration regarding construction and facilities shall be raised on lands reclaimed at coastal and transactions that will be eventuated by the investors that are real persons,public and private institiutions has been announced at official gazette.

With the stated declaration, investors are applied with proposal file for raising of construction and facilities on the mention lands, the approval of zoning plan and implementation plans, obtaining certificate of occupancy or right of easement, construction permit, occupancy permit during construction and implementation, certificate of investment or operation and operation-temporary operating or partial operating permit.

After completion of documents and receiving of the related institutions’ opinions regarding application, the applications shall be evaluated by Public Works District Directoriate within frame of declaration.


2-The regulation regarding electricity generation without license at electricity market at Offcial Gazette

With “The regulation regarding electricity generation without license at electricity market” that is regulated by Energy Market Regulatory Authority and announced at official gazette, the real persons or legal entities that will generate renewable energy of which maximum power or micro cogeneration is 500 kWe are held exempted from application for obtaining lisence and establish company.

3- The article provision enabling that the forex companies will be subjected to the audit of the Capital Markets Board shall be enacted as of 25.08.2011

With paragraph g added to the article 30 of Capital Market Code, the transactions which is called briefly “FOREX” and including leveraged trading operations of all kinds of foreign currency,goods,precious metal in electronic forms in consideration of security are included in Securities exchange activities on 25.08.2011.

“THE DRAFT OF REGULATION RELATED TO THE BASIS ABOUT LEVERAGED TRADING OPERATIONS AND INSTITUTIONS THAT WILL CARRY INTO THESE OPERATIONS” and “Rules related to basis of capital adequency and capitals of stock brokers” that are announced at CMB’s official website on 20.07.2011 are regulated forex transaction in the borders of Turkey.The stated declaration has not enacted yet.

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