A trustee was appointed… Ozan Elektronik Para's operating license was canceled
Quick Look
- The Central Bank of the Republic of Turkey canceled the electronic money institution operating permit of Ozan Elektronik Para AŞ.
- The decision came into force by being published in the Official Gazette dated 11 November 2026.
AI-generated summary
Why It Matters
You were given permission to Ozan Elektronik Para AŞ to operate as an electronic money institution within the scope of Law No. 6493, by the Banking Regulation and Supervision Board decision No. 8538 dated September 6, 2019. The operating permit was canceled by the CBRT's decision dated 10 November 2026 and numbered 12111/21710.
The Central Bank of the Republic of Türkiye (CBRT) canceled the license of Ozan Elektronik Para AŞ to operate as an electronic money institution. The decision was published in the Official Gazette dated 11 November 2026.
With the decision of the CBRT dated 10 November 2026 and numbered 12111/21710, it was decided to cancel the operating permit of Ozan Elektronik Para AŞ.
The company was given permission to operate as an electronic money institution within the scope of Law No. 6493, by the Banking Regulation and Supervision Board decision No. 8538 dated September 6, 2019.
In the decision published in the Official Gazette, it was stated that the operating permit was canceled in accordance with subparagraphs (c) and (e) of the first paragraph of Article 16, Article 19 and the eighth paragraph of Article 21 of Law No. 6493.
Open Questions
- What are the specific violations or reasons that lead to permit revocation?
- How will the company's existing customers and wallet balances be handled?
- Does the company have the right to object or sue upon the cancellation decision?
