The Fund Coordination Board met for the second time today, under the chairmanship of Vice President and Chairman of the Fund Coordination Board Cevdet Yılmaz, to protect the rights and interests of investors and to evaluate additional steps.
At the meeting, it was discussed what additional things could be done for the benefit of investors.
'PAYMENT SCHEDULE HAS BEEN EVALUATED'
A statement came from the Directorate of Communications regarding the process that concerns more than 500 thousand investors.
Accordingly, at the meeting, the work of the relevant institutions regarding the calculation method of the net investment amount to be calculated within the framework of the decisions of the Capital Markets Board dated 30 September 2026, as well as the secondary regulations and payment schedule regarding the payment decision taken by the Board regarding the fund accounts on the same date, were evaluated.
Subsequently, the draft regarding the Amendment to the Capital Markets Law, which has been ongoing for a while, was worked on and the necessary instructions were conveyed to the relevant institutions and organizations for its final version.
In all the regulations discussed, the understanding of not imposing any additional burden on citizens was emphasized.
In the continuation of the statement, it was stated that the necessary work will be carried out quickly and effectively with the relevant institutions, within the framework of the capital market rules regarding the solution of the problem arising in a certain and limited part of the fund market, by observing equity and justice.
YILMAZ: WE WILL DECIDE WHAT ADDITIONALLY CAN BE DONE
Vice President and Chairman of the Fund Coordination Board, Cevdet Yılmaz, answered journalists' questions at the opening of the Parliament yesterday. Yılmaz said about the Fund Coordination Board, "Each of our institutions takes decisions in its own field and shares them with the public. Today, important decisions were shared. The decisions taken by the CMB and the BRSA were shared. Our agenda is again tomorrow, of course, what can be done further? In which areas additional work is needed? We will evaluate them together with our board. Then we will make a press release." he said.
CMB MADE A STATEMENT
Yesterday, the Capital Markets Board announced that investors with funds in liquidation would be made an interim payment of up to 1 million lira for each fund, and payments would be made at the end of the liquidation process for the remaining part over 1 million lira.
1 MILLION LIRA DETAIL
The Capital Markets Board announced its decision to make an interim payment of up to 1 million TL in the liquidated funds of Tera Portföy Yönetimi, Pusula Portföy Yönetimi, Atlas Portföy Yönetimi and Hedef Portföy Yönetimi.
According to the bulletin published by the CMB at 02:20 midnight, with its decision dated September 30, 2026 and numbered 64/1775, an additional liquidation procedure was determined in addition to the previously announced general liquidation principles.
Accordingly, an interim payment will be made to all unit holders whose reconciliation procedures have been completed, to be offset from the amount they will be entitled to as a result of the final liquidation. Payments are expected to be made immediately.
INTERIM PAYMENT WILL BE MADE UP TO 1 MILLION LIRA
Those who have money in the funds will be paid up to 1 million liras. In calculating interim payments, the net investment amount to be calculated by the Central Registry Agency for each investor will be taken as basis.
Investors whose net investment amount is less than 1 million lira on the payment date will be able to make an interim payment equal to the entire amount.
Investors with a net investment amount of 1 million lira or more will be paid a maximum of 1 million lira within the scope of interim payment.
1 MILLION LIRA WILL BE GIVEN SEPARATELY FOR EACH FUND IN INTERIM PAYMENTS
The amount of interim payment to be paid to each investor separately for each fund will not exceed 1 million TL. In this context, this amount will be paid for investors with a net investment amount of less than 1 million TL, and a maximum of 1 million TL will be paid to investors with a net investment amount of 1 million TL and above.
