Fund law discussions brought forward

Discussions of the Turkish Red Crescent Law Proposal were suspended, and the discussions of the Law Proposal on Certain Investment Funds Decided to be Liquidated in the General Assembly of the Parliament were brought forward.

According to the offer; The liquidation of the funds will be carried out by the institutions in charge of liquidation, under the supervision and control of the Capital Markets Board (CMB). In the funds determined by the Board; An interim payment of this amount can be made for investors whose net investment amount is less than 1 million Turkish lira from the liquidated assets of the relevant fund, and a maximum of 1 million Turkish lira can be made for investors whose net investment amount is 1 million Turkish lira and above.

Those who are determined by the board to have acted together with the funds decided to be liquidated by the CMB's decisions dated September 17, 2026, will not be paid from the liquidation and recovery account of these funds. Within the scope of investigations carried out due to acts related to funds within the scope of the regulation, a seizure decision may be made in accordance with the relevant provisions of the Code of Criminal Procedure. Taking into account the liquidation transactions and audit and examination results, CMB will determine the amount of damage or loss for each fund, the real and legal persons responsible for the damage or loss and the amounts for which they are responsible, and notify the Savings Deposit Insurance Fund (TMSF). The amounts accumulated in the recovery account, after deducting the mandatory expenses, will be transferred by SDIF to the institution responsible for the liquidation, and if the liquidation is completed, to the Investor Compensation Center (YTM) to be paid to the fund shareholders notified by the CMB. YTM will make payments in proportion to the participation share ownership. The portfolio management company, which is the founder and/or manager of the fund, will be primarily responsible for the damage or loss.