AK Party Group Chairman Abdullah Güler announced at the press conference held in the Turkish Grand National Assembly that they submitted the bill containing the regulations regarding the payment and liquidation of the funds to the Presidency of the Turkish Grand National Assembly. Guler said:
"Due to the strong structure of our financial markets, there is no negative situation in the capital markets. The security of our capital markets, protection of the rights of our investors, property rights and the rule of law are among our main priorities. We have prepared a special legal regulation in order to resolve the extraordinary situation in the investment funds, which were decided to be liquidated with the decision of the Capital Markets Board (CMB) dated September 17, 2026, in a fair and transparent way. The funds in which the CMB intervenes do not show the general picture of our markets. As a matter of fact, the figures This clearly shows that the total portfolio size of the liquidated funds corresponds to only 2.4 of our household's financial assets. The 131 funds in liquidation constitute only 4.6 percent of the total number of funds in our system. This does not mean that we will remain silent. On the contrary, we will fight with determination and eliminate this virus. This is exactly what we want to achieve with this proposal. "It will be an important step to eliminate and liquidate its influence."
'PUBLIC RESOURCES WILL NOT BE USED'
Stating that they want to protect the markets and purify them from all kinds of risks with the proposal, Güler explained that the extraordinary developments in the funds made it necessary to prepare a special law proposal. Güler said, "This bill we have prepared does not bring a general or permanent liquidation regime for our capital markets. It is a temporary, exceptional regulation specific only to the investment funds decided to be liquidated by the CMB and the funds whose liquidation has not been completed on the date of publication of this law. I would like to state that public resources will never be used in our bill consisting of 9 articles and the subsequent decisions to be taken by the Fund Monitoring and Coordination Board and the CMB, and will not be allowed to be used in the future. Both in this bill and in "There will be no contribution from the treasury in the decisions to be taken by the CMB. This liquidation process will continue among the existing collateral of the funds, both movable and real estate assets, and assets such as stocks and bonds," he said.
'WE PROVIDE THE OPPORTUNITY FOR INTERIM PAYMENT OF 1 MILLION LIRAS'
Güler shared information about the bill and emphasized that they wish the liquidation work and transactions to be strictly and under the supervision of the CMB. Güler said:
"By reconciling the records of the Central Registry Agency, Takasbank, custody and distribution institutions, we determine the real assets and real rights holders of each fund, one by one and in a transparent manner. Instead of disposing of the assets in the portfolio of the funds hastily and in a way that will cause loss of value, it is aimed to obtain the highest possible economic value. When necessary, under the decision and control of the board, the controlling partner can benefit from the right to sell, wholesale sales, special orders, temporary different price margins and over-the-counter sales opportunities. "We provide the opportunity for an interim payment of 1 million lira, which prevents the grievance of our investors. We pave the way for an interim payment to be made to our investors at the stage when all of the fund assets have not yet been converted into cash. The proposal envisages a maximum interim payment of 1 million lira per person, with conditions determined based on the fund shareholder's actual cash inflows and outflows. This amount is not an amount to be paid unconditionally or in cash to everyone."
'THEY CAN BE RETURNED ON A VOLUNTARY BASIS'
Noting that they introduced personal liability in illegal transactions and the possibility of compulsory collection through SDIF, Güler made the following evaluations:
"With our proposal, we enable those who exit the funds at unrealistic values and obtain returns above normal market conditions and those who make extraordinary profits from shares whose prices are unrealistic, to return the amounts exceeding the objective comparable return on a voluntary basis. We envisage special provisions for the recovery of values illegally extracted from the fund assets. The responsibility of the portfolio production company, the founder of the fund, is taken as basis, and in cases where the collection cannot be obtained from it, we provide the opportunity to apply to other real and legal persons whose responsibility is determined. Following up the amounts determined by the CMB and The collection will be carried out by the Savings Deposit Fund and the provisions of Law No. 6183 will be applied to public receivables. We are introducing the possibility of returning seized and confiscated assets directly to the fund. It is aimed to recover the values of assets seized within the scope of criminal investigations or confiscated as a result of trial and whose legal connection with the relevant fund has been determined, for the benefit of the fund shareholders. The recovered amounts will be monitored in separate accounts for each fund at SDIF and only the relevant fund. "With the liquidation, the fund will be used for payments to the shareholders. After the liquidation is completed, the obtained amounts will be delivered to the investors according to the determined procedure."
'WE AIM TO STRENGTHEN TRUST'
Güler continued as follows:
"We completely exclude from this mechanism those who commit acts such as market fraud or information abuse, or those who are found to act together with those who commit these acts. It will never be possible for those who commit crimes or abuses to benefit from the payment opportunities provided by this law. Our aim is to protect the legitimate interests of investors, on the one hand, and to direct the responsibility arising from unlawful transactions to the relevant parties, and to strengthen the trust in the capital markets. With the proposal, we create an assurance for the existing capital markets, our economy and our citizens. Therefore, this "With the proposal, we provide legal assurance for these recent situations, at least for a certain period of time."
Güler stated that the proposal will be discussed in the Planning and Budget Commission next week and will then come to the agenda of the General Assembly.
'THE DETERMINATION OF OUR PRESIDENT SHOWS'
Stating that the transactions in the capital market will be investigated until the end, Güler said, "I am sure of this; the determination of our President in this process is obvious. It does not matter who the outcome of this will be based on, who will reach it. Let's say this frankly, friends. I would like to clearly say that we have done what is necessary, both as a party and institutionally. Whoever was involved in these events and their actions, both Articles 104, 106 and 107 of the Capital Markets Law and the relevant articles of the Turkish Penal Code "If a crime has been committed within the scope of the crime, no one should worry. As the AK Party cadres, we are aware of the responsibility entrusted to us. Of course, we are a big party, we are a big community. Everyone should be sure of this. We are not like anyone else."
'I CURSE'
Regarding the allegations made by New Party Izmir Deputy Ümit Özlale about the Minister of Commerce Ömer Bolat and the Minister of Family and Social Services Mahinur Özdemir Göktaş, Güler said, "Some structures that use him as an apparatus, including terrorist organizations. I hereby openly condemn and condemn and shame the slander and lies he made, especially about two of our ministers, by giving false information."
Güler also said that Özlale, a member of the New Party, should apologize and stated that a meticulous study should be carried out on the list of names of people performing transactions in the capital market so that it can be shared.
