With the amendment of the regulation published in the Official Gazette, the Ministry of Commerce was given the authority to determine the installment periods for the sales of goods and services made by retail businesses.
The Ministry of Commerce was given the authority to determine and impose limits on installment periods for goods and services sales made by retail businesses, excluding residential sales.
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The Regulation on the Principles and Rules to be Applied in Retail Trade was published in the Official Gazette.
The Ministry of Commerce was given the authority to determine the installment periods for the sales of goods and services made by retail businesses, excluding residential sales, and to impose additional restrictions on this matter.
The Regulation on Amending the Regulation on the Principles and Rules to be Applied in Retail Trade, prepared by the Ministry, entered into force after being published in the Official Gazette.
In the statement made by the Ministry on the subject, it was stated that a new regulation has been put into effect in order to ensure uniformity of practice regarding installment sales of goods and services in retail trade and to quickly implement the regulations in line with current needs.
In the statement, it was noted that with the amendment, the Ministry was given the authority to determine the installment periods and impose additional restrictions on the installment sales of goods and services made to consumers by retail businesses, excluding housing, and the following was noted:
"Thus, it is aimed to harmonize the regulations regarding other installment methods in the retail sector, in line with the decisions taken by the Banking Regulation and Supervision Agency (BRSA) regarding the installment periods of sales made through credit cards, shopping loans and consumer financing. With the amendment made in this context, the Ministry will be able to implement the necessary regulations quickly and effectively following the decisions taken by the BRSA."
The needs of consumers and the retail sector will be taken into account

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