Regulation Amending the Press Advertisement Institution Regulation
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This regulation updates the internal organizational and financial rules of Turkey's Press Advertisement Institution (Basın İlan Kurumu). It renames the 'Accounting' department to 'Financial Affairs and Finance' in multiple articles. The share of a specific fund or resource allocated under Article 105 is increased from one-third to one-half. Most importantly, Article 108 now permits the acceptance of bank guarantee letters with a maximum term of 48 months for credits obtained under credit guarantee or surety mechanisms where the Institution is a party, provided the term is not shorter than the credit repayment period. 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
- Renamed 'Muhasebe' (Accounting) unit to 'Mali İşler ve Finans' (Financial Affairs and Finance) in Articles 92, 105 and 110
- Increased allocation/share in Article 105 from 1/3 to 1/2
- Added provision in Article 108 allowing bank guarantee letters with maximum term of 48 months for credits under guarantee or surety protocols where the Institution is a party
+ 2 more changes with Pro
Obligations
What this law requires
Rename the 'Accounting' department to 'Financial Affairs and Finance' (Mali İşler ve Finans) in Article 91(2) of the Press Advertisement Institution Regulation
Update all references to 'Accounting' (Muhasebe) to 'Financial Affairs and Finance' (Mali İşler ve Finans) in Article 92 of the Press Advertisement Institution Regulation
Update all references to 'Accounting' (Muhasebe) to 'Financial Affairs and Finance' (Mali İşler ve Finans) in Article 110 of the Press Advertisement Institution Regulation
Increase the fund allocation under Article 105 from one-third (1/3) to one-half (1/2)
Accept bank guarantee letters with a maximum term of 48 months for credits obtained under credit guarantee or surety mechanisms where the Institution is a party, provided the term does not fall short of the credit repayment period