Legal advisory and advocacy services from various legal disciplines in Turkey

The “Procedures and Principles Amending the Procedures and Principles on Supporting the Research, Development and Innovation Activities of Electricity and Natural Gas Distribution Companies” (“New Framework”), adopted by the Decision dated 3 September 2026 and numbered 14846 (“Board Decision”) of the Energy Market Regulatory Board (“Board”), the decision-making body of the Energy Market Regulatory Authority (“EMRA”) was published in the Official Gazette dated 5 September 2026 and numbered 33361. The provision concerning the application schedule will enter into force on 1 January 2027, while the remainder of the New Framework will enter into force on 5 September 2026.

New principles governing share sales to be carried out by certain shareholders of publicly traded companies and the exemptions applicable thereto have been introduced by the Capital Markets Board’s (“CMB”) resolutions dated 28 August 2026 and numbered 52/1589 and dated 31 August 2026 and numbered 53/1590 (the “Principle Resolutions”).

The Turkish Emissions Trading System Regulation (the “Regulation”), published in the Official Gazette dated 27 August 2026 and numbered 33353, sets out the procedures and principles governing the monitoring, reporting and verification of greenhouse gas emissions and the implementation of the Turkish Emissions Trading System (“ETS”). The Regulation entered into force on the date of its publication and repealed the Regulation on the Monitoring of Greenhouse Gas Emissions.