The Communiqué No. 2010/4 regarding Mergers and Acquisitions Calling for Authorization of the Competition Board (the “Communiqué”) (published on the Official Gazette dated 7 October 2010 and numbered 27722) became effective as of 1 January 2011. The Communiqué repealed the previous Communiqué No. 1997/1 and introduced significant changes to the Turkish merger control regime including new (turnover-based) thresholds and a new and more detailed notification form, as well as a fast-track application method for certain transactions and a non-overlap exception. According to such exception, parties to a transaction where there is no affected market will not be required to obtain Competition Board approval even if the thresholds are exceeded.