Regulation for savings finance companies

Savings finance companies have been included within the scope of organizations concerning public interest. It has been decided that savings finance companies subject to regulation and supervision by the Banking Regulation and Supervision Agency (BRSA) will be included in the scope of “organizations concerning public interest (OPI).” The Board Decision of the Public Oversight, Accounting and Auditing Standards Authority regarding the matter has been published in the Official Gazette. Accordingly, it has been decided to include savings finance companies subject to regulation and supervision by BRSA under the Law on Financial Leasing, Factoring, Financing and Savings Finance Companies within the scope of OPI.