Dülger Law Office/Publications/Commentary
On a New and Complex Regulation Directly Relating to Banks: What Does the Regulation on Sharing of Secret Information Bring?
Introduction
To determine the scope, form, procedures and principles regarding the sharing and transfer of information in the nature of bank secrets and customer secrets the “Regulation on Sharing of Confidential Information” (“Regulation”) was published in the Official Gazette dated 4 June 2021 and numbered 31501 to enter into force on 1 January 2022. First of all, what does this mean? Accordingly, everyone within the scope of the Regulation must comply with the provisions of this Regulation as of January 1, 2022! I will explain below who needs to be compatible with what.
In this article, I will try to explain who should do what as a result of the said Regulation. Where it is not clear what to do, I will state my own opinion and suggestion.