The fund liquidation proposal is in the Parliament. The proposal will be discussed in the GNAT Planning and Budget Commission on October 14.

The bill regarding the fund liquidation process will be discussed in the Parliament this week.

The 9-article proposal submitted by the AK Party to the Presidency of the Grand National Assembly of Türkiye (TBMM) will be discussed in the GNAT Plan Budget Commission on Wednesday, October 14.

INTERIM PAYMENTS OF UP TO 1 MILLION LIRA WILL BE MADE TO INVESTORS WITH THE OFFER

Offer; It envisages an interim payment of up to this amount for investors with a net investment amount of less than 1 million lira, and a maximum of 1 million lira for those with a net investment amount of 1 million or more.

The net investment amount will be determined by updating the arithmetic average of cash inflows and cash outflows from the fund until the liquidation date, based on the TURKSTAT consumer and producer price index.

PAYMENT TO INVESTORS IS PROVIDED WITH THE CONSIZED ASSETS

The payment will not exceed the investor's net investment amount and will be limited to the resources in the fund's liquidated assets.

The proposal provides that the assets seized during the fund investigation can be used to compensate investors for their losses.

Savings Deposit Insurance Fund (TMSF) can be appointed as trustee for assets that cannot be transferred directly to the fund. In this case, SDIF will be able to sell or liquidate the assets in question without waiting for the outcome of the trial.

With the regulation, leaving office will not eliminate the responsibility arising from the actions and decisions taken during the term of office.

The proposal will come to the agenda of the General Assembly after the commission stage.