NEWSLETTER-2017

282 NEWSLETTER 2017 rized to grant a different term for preliminary license for generation facilities built under the Renewables Zone Regulation. Applications for Preliminary License and Amendments With the amendment to the Article 12 (c) of the Licensed Gen- eration Regulation, it is no longer required to submit wind and sun measurement reports based on the data collected within last five (5) years for preliminary license applications for generation facilities built under the Renewables Zone Regulation. Further, according to the amended Article 18 (d), the main ser- vice unit in charge shall now conclude the preliminary license amend- ments to increase installed capacity up to the 10%, provided that the increased installed capacity shall not exceed 10 MWm. According to the amended text of Article 18 (d), the security and capital obligations under the Licensed Generation Regulation shall no longer be appli- cable for such amendments. Restrictions on Share Transfers Pursuant to amended Article 57 of Licensed Generation Regula- tion, share transfer limitation shall not be applied to (i) changes caus- ing the indirect shareholders included to preliminary license of the preliminary license holder legal entity to become direct shareholder and changes causing all direct shareholders to become indirect share- holders providing that the shareholding proportions remain the same, and (ii) changes occurred in the direct or indirect shareholder structure of the preliminary license holder legal entity included to privatization program in consequence of a sale or assignment of shares held by public authorities. Unlicensed Generation Exemption to Limitation of Installed Capacity According to amended Article 7/6 under the Licensed Generation Regulation, in the event it is decided by Turkish Electricity Transmis- sion Corporation (TEİAŞ) that any solar or wind power generation