Article 1

No: 228

Effective from Jan 08 2019 - Jan 07 2019
To view other versions open the versions tab on the right

The financial activities or transactions referred to in Article 1(14) of the Law are:

1.	accepting deposits and other payable funds, including private banking services;
2.	lending, finance leasing, or any other financing activity;
3.	providing wire transfer or currency exchange services;
4.	issuing and managing payment instruments, including: credit cards, debit cards, checks, traveler’s checks, payment orders, bank transfers, and electronic currency;
5.	issuing letters of guarantee or other securities;
6.	engaging in foreign currency exchange;
7.	participating in the issuance of securities and the provision of financial services;
8.	managing investment portfolios;
9.	maintaining and managing cash or securities on behalf of others;
10.	concluding contracts of protection, savings, or other investment-related types of insurance, in the capacity of an insurer, broker, or agent in an insurance contract or any insurance company product;
11.	investing and managing funds on behalf of others; and
12.	engaging in activities related to securities, as provided in the Capital Market Law and its Regulations, or the following trading activities:
	a.	certificates of deposit, derivatives, and other instruments;
	b.	currencies;
	c.	currency exchange instruments, interest rates, and financial indicators;
	d.	tradable securities and financial derivatives; and
	e.	commodity futures contracts.