OBS_VALUE: Turkey Wealth Fund (TWF) is a sovereign wealth fund founded in August 2016 owned by Government of Turkey. With the Decision of Council of Ministers which is the appendix of the Decree dated January 24, 2017 and numbered 2017/9756, some of the state-owned institutions including Ziraat Bank were decided to be transferred to Turkey Wealth Fund. Ziraat Bank, entirely owned by TWF, is active and one of the major actors in Commercial Banking sector. Under Article 8 of the Law on the Establishment of the Turkish Wealth Fund, it is stated that all the companies owned by TWF are excluded from competition law.   See Article 8, English version (http://turkiyevarlikfonu.com.tr/content/files/Law%20No_%206741%20(EN).pdf) On the other hand, note that there is a statement made by the previous Minister whereby the application of the general competition law for companies transferred to the Fund is being guaranteed. (https://www.yenisafak.com/ekonomi/bakan-agbal-varlik-fonuna-devredilen-sirketlere-ayricalik-yok-2610260)