PASHA BANK ENG 20

4. The Amendments Regarding the Communiqué for the Principles and Procedures for Fees that Banks Can Charge Commercial Customers/ Financial Consumers Regarding the related Instruction issued by the Central Bank of the Republic of Turkey, banks were subjected to the obligation to notify the customers concerning the fees on the maximum tariff that can be collected from commercial customers as announced on our website through an information sheet which will be appended to our Credit contracts. In line with the related Instruction issued by the Central Bank of the Republic of Turkey, it was stipulated that banks are obliged to notify the financial consumers as well as the commercial customers on the fees concerning the tariffs announced on their websites and to append the information sheets to the contract. Extraordinary General Assembly Meeting held during the year, if any An Extraordinary General Assembly meeting was not held in 2020. Information on Audits In accordance with the Banking Law no.5411, the Bank is subject to limited reviews at each quarter and a full scope audit at year ends by an Independent Audit Firm. Audit reports are approved by the Audit Committee and the Board of Directors. Moreover, based on Article 65 of the same Law, the Bank is under continuous oversight and audit of Banking Regulation and Supervision Agency and other regulatory agencies and authorities. There were no private or public audits performed in 2020. Activities within the Scope of Prohibition of Competition Board of Directors Members were given the permission by the General Assembly to act within the scope of Article 395 of the Turkish Commercial Code numbered 6762 ‘‘Prohibition of doing business with the Company and loans from the Company’’ and Article 396 of the same Law, ‘‘Prohibition of competition’’. However, the members of the Board of Directors did not have any activities on their or other parties’ behalf or any act within the scope of prohibition of competition within the frame of this permission granted by the General Assembly. Annual Report 2020 PASHA Bank Information on Management and Corporate Governance Practices 65