THE REGULATION ON THE AMENDMENT TO THE REGULATION ON THE PRINCIPLES AND PROCEDURES REGARDING THE FEES RECEIVED FROM THE FINANCIAL CONSUMERS

10 February 2020

“The Regulation on the Amendment to the Regulation on the Principles and Procedures regarding the Fees received from the Financial Consumers” (“the Amendment”) has been published today on the Official Gazette numbered 31035.

According to the Amendment, the phrase like that “a copy of the agreement has been receivedshall be written by the consumer in the agreements. Moreover, the consent of the financial consumer shall be taken for the fees of any service or product in the context of the agreement. The burden of proof of the fees herein is on the banks so that in the case that the banks do not fulfil the burden of proof, the consent will be treated as not given.

You can find the text of the Amendment (in Turkish) here.

Should you have any queries and/or remarks, please do not hesitate to contact us. 

Kind regards,

Zumbul Attorneys-at-Law

info@zumbul.av.tr