Regulation Amending the Regulation on Operating Principles of Precious Metals Exchange Intermediary Institutions and the Establishment of Precious Metals Intermediary Institutions
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This regulation, published in the Official Gazette on 31 December 2025, amends Article 12/A of the original 2007 regulation governing precious metals brokerage in Turkey. It specifically revises subparagraph (g) of the tenth paragraph. The change mandates that precious metals intermediary institutions must provide their clients with a written declaration prepared and approved by the Borsa Istanbul. This declaration must contain customs declaration information for the relevant export transaction and must confirm that the import was made in the form of standard unprocessed gold and foreign currency equivalent, obtained with the approval of the Ministry of Treasury and Finance. The document is required to be submitted by clients to the bank. The regulation enters into force on the date of its publication.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Amends subparagraph (g) of the tenth paragraph of Article 12/A in the 2007 Precious Metals Regulation
- Requires provision of a Borsa-approved written declaration containing customs declaration information for the export transaction
- Declaration must confirm that the corresponding import consists of standard unprocessed gold and foreign currency equivalent
+ 3 more changes with Pro
Obligations
What this law requires
The written declaration must contain customs declaration information for the relevant export transaction
Precious metals intermediary institutions must provide clients with a written declaration prepared and approved by Borsa Istanbul
The written declaration must confirm that import was made in the form of standard unprocessed gold and foreign currency equivalent
The written declaration must confirm that import was obtained with the approval of the Ministry of Treasury and Finance
Precious metals intermediary institutions must ensure the written declaration is submitted by clients to the bank