Business & Commerce

Regulation Amending the Regulation on Operating Principles of Precious Metals Exchange Intermediary Institutions and the Establishment of Precious Metals Intermediary Institutions

🇹🇷Türkiye··Regulation·Medium Impact0·View source ↗

AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.

🇬🇧 English

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

high

The written declaration must contain customs declaration information for the relevant export transaction

Precious metals intermediary institutions
disclosure
high

Precious metals intermediary institutions must provide clients with a written declaration prepared and approved by Borsa Istanbul

Precious metals intermediary institutions
disclosure
high

The written declaration must confirm that import was made in the form of standard unprocessed gold and foreign currency equivalent

Precious metals intermediary institutions
disclosure
high

The written declaration must confirm that import was obtained with the approval of the Ministry of Treasury and Finance

Precious metals intermediary institutions
disclosure
high

Precious metals intermediary institutions must ensure the written declaration is submitted by clients to the bank

Precious metals intermediary institutions
operational

Affected Parties

Precious metals intermediary institutionsPrecious metals brokerage firms+4 more…

Tags

precious metals,gold trade,export compliance