Turkey:
BRSA Expands Banks' Marketing Channels
17 December 2020
Esin Attorney Partnership
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Recent Development
The Banking Regulatory and Supervisory Authority amended the
Regulation on the Outsourced Services Procured by Banks
("Regulation") on December 11, 2020.
What's New?
Pursuant to the amendment, as of December 11, 2020, service
providers are allowed to conduct marketing for banks in car dealers
and authorized second-hand motor vehicles sellers.
Conclusion
The Regulation expanded the marketing channels for banks and
first-hand and second-hand car dealers are permitted to market car
loans.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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