2.4.5. Legislative Developments Regarding the Payment Systems

To support the legal infrastructure regarding the payments area in accordance with the European Union (EU) Acquis and international standards, a draft proposal of the payment systems law was prepared. The preparation duty was assigned to the CBRT in the 2008 National Programme of Turkey. The “Law on Payment and Securities Settlement Systems, Payment Services and Electronic Money Institutions” No. 6493 entered into force on 27 June 2013 via publication in the Official Gazette No. 28690. Also, work on the secondary legislation regarding the law proceeded.