
The Fund Board met under the chairmanship of the Vice President and discussed the liquidation processes and new legal regulations in investment funds.
AI-generated summary
Payment processes of investment funds decided to be liquidated by the Capital Markets Board are managed.
In the statement made by the Directorate of Communications, the following statements were made:
The Sixth Fund Board Meeting was held under the chairmanship of our Vice President. The Ministry of Justice, the Ministry of Treasury and Finance and the relevant institutions and organizations of these ministries attended the meeting.
The Law Proposal, which will ensure that the liquidation process is carried out in a fair, transparent and effective manner and that the payments are provided with legal assurance in some investment funds decided to be liquidated by the Capital Markets Board based on the previous Fund Coordination Board decisions, was accepted by the GNAT Planning and Budget Commission on 14.10.2026. The proposal is expected to be discussed at the General Assembly next week.
In addition to the current bill accepted by the Planning and Budget Commission, the Fund Coordination Board has brought to the agenda the first evaluations of a new draft regulation that envisages permanent and comprehensive changes in the Capital Markets Law in order to eliminate structural problems in the capital markets, strengthen regulatory and supervisory mechanisms, and increase the deterrence of sanctions and penalties.
THE NUMBER OF LIQUIDATED FUNDS DECREASED FROM 131 TO 65
On the other hand, from the beginning of the liquidation process to today; A1 Portfolio Management Company Inc., Bulls Portfolio Management Company Inc. Ziraat Bank has completed liquidation transactions in kind and in cash for a total of approximately 40.8 Billion TL for more than 45 thousand people in 66 separate investment funds managed by Ziraat Bank. Thus, the number of funds in the liquidation process decreased from 131 to 65.
In addition, with the decision of the CMB dated 15.10.2026, it was decided that the liquidation procedures regarding the funds founded by Hedef Portföy Yönetimi A.Ş. will be subject to the principles determined for the funds founded by these 3 portfolio management companies. In this context, it is planned to make payments to the maximum number of people next week, especially those in money market funds.
AI outlook — possibilities, not facts
The bill will be discussed in the General Assembly of the Turkish Grand National Assembly next week.
Likely · Within weeks
In the statement made by the Directorate of Communications, it was stated that the Sixth Fund Board Meeting was held under the chairmanship of the Vice President and the Bill was accepted by the GNAT Planning and Budget Commission for the fair and transparent conduct of the liquidation process of investment funds decided to be liquidated by the Capital Markets Board. In addition, Ziraat Bank completed the liquidation of cash and shares worth approximately 40.8 billion TL to more than 45 thousand people in 66 funds, and the number of funds decreased from 131 to 65.
The Sixth Fund Board Meeting, chaired by Vice President Cevdet Yılmaz, evaluated the bill for the fair and transparent conduct of the liquidation process in the capital markets and a new draft regulation that envisages comprehensive changes in the Capital Markets Law. The liquidation processes of 66 funds managed by A1, Bulls and Pardus Portfolio Management Companies were completed by Ziraat Bank and the number of funds decreased from 131 to 65.

The Sixth Fund Board Meeting was held with the participation of the Ministry of Justice and the Ministry of Treasury and Finance. The bill for the fair and transparent conduct of the fund liquidation process was accepted by the GNAT Planning and Budget Commission. Approximately 40.8 billion TL cash and in-kind liquidation payments were made by Ziraat Bank to more than 45 thousand investors. The number of funds was reduced from 131 to 65 and liquidation procedures were initiated for target portfolio funds. The proposal envisages an interim payment for those investing less than 1 million TL, and the assets obtained during the fund investigation can be used to cover losses. The liquidation process will be completed within 5-6 months and most of the 455 thousand 758 investors will complete the payment in October.

The Fund Board, convened under the chairmanship of the Vice President, discussed the Turkish Grand National Assembly process of the bill regarding investment fund liquidations and the preparations for the new regulation in the CMB legislation. Payments of 40.8 billion TL were completed in 66 funds.

The Sixth Fund Board, convened under the chairmanship of Vice President Cevdet Yılmaz, discussed the liquidation processes in investment funds and new legal regulations for capital markets. It was announced that 40.8 billion TL was paid to more than 45 thousand people.

At the Sixth Fund Board Meeting held under the chairmanship of the Vice President, it was announced that the bill on the liquidation of investment funds was accepted by the Grand National Assembly of Turkey Commission and the payment of 40.8 billion TL was completed.