The Turkish Competition Authority shares a Draft Amendment to the key national competition legislation which would enable greater oversight of digital markets

Introduction This blogpost will give an overview on the draft amendment (the “Draft Amendment”) to the Law No. 4054 on the Protection of Competition (the “Law No. 4054”). The key points of the Draft Amendment concern: Introducing definitions of core platform services into the Law No. 4054 and allowing the possibility to introduce regulations on the conducts of certain undertakings offering these same services;Determining the new obligations to be imposed on the undertakings holding significant market power in core platform services;Monitoring and auditing compliance with these obligations; andProviding certainty regarding the sanctions to be imposed in case the relevant undertakings fail to comply with the obligations. This blogpost will provide overview on (i) the main definitions,