Turkey Cybersecurity Law (Law No. 7545)
Duties of cybersecurity producers: exports and changes of control – Turkey Cybersecurity Law (Law No. 7545)

Turkey Cybersecurity Law (Law No. 7545) 18.2: Article 18(2) and (3): notify mergers and share transfers of cybersecurity producers; obtain approval for changes of control

Mergers, demergers, share transfers or sales of companies that produce cybersecurity products, systems, software, hardware and services must be notified to the Presidency, and transactions giving one or more natural or legal persons direct or indirect control of, or decision-making power over, the company need the Presidency's approval. Transactions carried out without approval have no legal validity, and the Presidency may ask for information and documents about them. Failing Article 18 duties carries an administrative fine of 10 million to 100 million Turkish lira (Article 16(10)).

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