Fund Coordination Board convened: 68 billion TL was paid to more than 71 thousand accounts

Following the Fund Coordination Board meeting, the final balance sheet regarding the liquidation and payment process was shared. While it was stated that the first interim payments in the extraordinary liquidations carried out within the framework of Law No. 7596 will be deposited into the accounts on Friday, October 30, it was announced that MASAK's investigations into suspicious transactions and foreign connections are continuing.

The statement made by the Directorate of Communications is as follows:

"The Eighth Fund Coordination 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.

Based on the previous Fund Coordination Board decisions, the Law on Certain Investment Funds Decided to be Liquidated, dated 22.10.2026 and numbered 7596, which will ensure that the liquidation process of some investment funds decided to be liquidated by the Capital Markets Board is carried out in a fair, transparent and effective manner and that the payments are legally secured, came into force by being published in the Official Gazette on 27.10.2026. Within the scope of Law No. 7596, the procedures and principles regarding liquidation and payments have been determined by the Capital Markets Board's Decision No. 76/1903 dated 27.10.2026.

Regarding the liquidation procedures of the funds founded by Hedef Portföy Yönetimi Şirketi A.Ş., whose liquidation payments started with the CMB's decision dated 15.10.2026; The liquidation procedures of 27 of 31 funds have been largely completed as of 23.10.2026. In this context, 27.2 billion TL was paid to a total of 26,152 accounts. Work on the liquidation of the remaining 4 funds of the group in question continues.

Thus, from the beginning; The number of funds in the liquidation process decreased from 131 to 38, and a total of 68 billion TL in kind and cash liquidation payments were made to 71,899 accounts.

Refunds to accounts established with SDIF continue. MASAK meticulously continues its international studies on companies subject to fund investigation, persons suspected of manipulation, and the real beneficiaries of suspicious transactions and funds.

It is envisaged that the first interim payments will begin on Friday, October 30, 2026, regarding the funds within the scope of extraordinary liquidation, the processes of which have been clarified with the Law No. 7596 adopted by the Turkish Grand National Assembly and the relevant CMB procedural and main Decision. On the other hand, technical preparations for the draft Bill, which will include structural steps in order to prevent similar problems from occurring again, will be accelerated. "The draft, which will be matured in consultation with sector stakeholders, will be submitted to the discretion of our Assembly."