Precious Metals & Bullion Trading
Legal Advisory for the Precious Metals & Bullion Trading Sector
Mermeroglu Legal advises market participants across the full spectrum of the precious metals and bullion trading sector — from authorised money changers and bullion banks through to refiners, brokers, exchange members and jewellery operators. Türkiye occupies a significant position in the global gold market as both a major consumer and a regional trading hub, creating a complex and highly regulated legal environment in which the firm's sector expertise is directly relevant.
The firm advises on licensing, regulatory compliance, trading documentation, cross-border structuring and dispute resolution — combining knowledge of Turkish precious metals regulation with an understanding of international market conventions including LBMA, DMCC and Borsa İstanbul frameworks.
Whether acting for a newly established bullion trading operation seeking BDDK authorisation, an international refiner entering the Turkish market or a financial institution structuring precious metals-backed products, the firm provides practical and commercially informed legal advice throughout the transaction lifecycle.
Sub-Sector Focus
Authorized Money Changers (Yetkili Müesseseler)
Legal advisory for authorised money changers operating under BDDK and Ministry of Treasury and Finance licensing requirements — covering establishment, licence applications, regulatory compliance obligations, AML/KYC frameworks and operational structuring for entities engaged in foreign exchange and precious metals transactions.
Bullion Trading (Gold, Silver, Platinum)
Legal support for spot and forward bullion trading operations — covering sale and purchase agreements, custody arrangements, price risk documentation, trading terms and regulatory compliance for entities buying and selling physical gold, silver and platinum in domestic and international markets.
Precious Metals Brokerage
Advisory for precious metals brokers operating in Turkish and international markets — covering brokerage agreements, client documentation, execution and clearing arrangements, regulatory licensing requirements and compliance with applicable capital markets and commodities regulations.
Bullion Banking
Legal structuring for bullion banking activities — including gold deposit accounts, gold leasing, metal loans, collateralised bullion financing and the regulatory framework applicable to banks and participation banks offering precious metals products under BDDK oversight.
Borsa İstanbul Precious Metals Market Members
Advisory for entities seeking membership of or operating within the Borsa İstanbul Precious Metals and Diamond Market — covering CMB and BIST membership requirements, trading rules, position limits, reporting obligations and dispute resolution procedures applicable to exchange-traded precious metals transactions.
DMCC / LBMA / SGE Affiliated Traders
Legal support for traders affiliated with the Dubai Multi Commodities Centre (DMCC), London Bullion Market Association (LBMA) or Shanghai Gold Exchange (SGE) — covering cross-border trading documentation, responsible sourcing compliance, good delivery standards and the legal framework for international precious metals transactions.
Refining & Precious Metals Processing
Legal advisory for precious metals refiners and processors — covering operating permits, environmental compliance, feedstock supply agreements, tolling contracts, responsible sourcing obligations and regulatory requirements applicable to refining and assaying operations under Turkish law.
Jewellery & Retail Gold Operations
Legal support for jewellery manufacturers, retailers and exporters — covering hallmarking and assay office compliance, retail licensing, consumer protection obligations, export documentation and the structuring of franchise or distribution arrangements in the retail precious metals market.
Cross-Border Precious Metals Logistics
Advisory on the legal framework for the cross-border transport and storage of precious metals — covering customs declarations, import and export licensing, AML compliance for physical movements, vault and custodian agreements and insurance arrangements for high-value precious metals shipments.