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BackFund liquidation bill is in the Parliament this week! No payments will be made to those who act with the funds.
Fund liquidation bill is in the Parliament this week! No payments will be made to those who act with the funds.
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Sabah Ekonomi1 hour agoBusiness1 min readTürkiyeView original

Fund liquidation bill is in the Parliament this week! No payments will be made to those who act with the funds.

Liquidation of investment funds and 2027 budget discussions are on the agenda at the Turkish Grand National Assembly General Assembly.

Quick Look

  • The General Assembly of the Turkish Grand National Assembly will discuss the bill regulating the processes of investment funds that have been decided to be liquidated.
  • The proposal covers investor payments, responsibilities and notification processes to SDIF.
  • Additionally, 2027 budget discussions will begin in the commission.

AI-generated summary

Why It Matters

CMB decided to liquidate some funds with its decisions dated September 17, 2026.

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'Proposal Law on Certain Investment Funds Decided to be Liquidated' will be discussed at the General Assembly of the Turkish Grand National Assembly (TBMM) this week.

This week in the Turkish Grand National Assembly, the General Assembly and commission work will begin on Tuesday.

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.

On the other hand, Vice President Cevdet Yılmaz will make a presentation about the '2027 Central Government Budget Law Proposal' and the '2025 Central Government Final Account Law Proposal' at the Grand National Assembly of Turkey Planning and Budget Commission on Wednesday.

In addition to the General Assembly and commission work, group meetings of the political parties that have groups in the Parliament will be held on Tuesdays and Wednesdays. Group deputy chairmen of the parties will also hold press conferences on current issues.

What to Watch

AI outlook — possibilities, not facts

  • Discussion of the bill proposal in the General Assembly of the Turkish Grand National Assembly.

    Very likely · Within days

Open Questions

  • What is the total size of the funds to be liquidated?
  • When will payments start?

Related Topics

This article was originally published by Sabah Ekonomi.

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