Minister of Treasury and Finance Mehmet Şimşek made a written statement regarding the fund investigations.
Şimşek used the following statements in his post on his social media account:
"It is our priority to protect the investment, employment, production and export capacity of our real sector.
The legal process against those involved in market-distorting transactions continues, and no action will be taken against individuals and companies that are not involved in these activities. We observe the legitimate rights of our fund investors in coordination with our Ministry of Justice.
We will continue to take the necessary measures, especially the liquidity needed by the market, to prevent the developments from having a negative impact on the financial system and the real economy. It is important for the public to follow the statements of our authorized institutions regarding the process. "
The Capital Markets Board (CMB) announced that the owners of the buying and selling orders sent and canceled by the platform on September 17, 2026, when the funds subject to liquidation were closed to transactions through TEFAS, will be paid from the liquidation balance in proportion to the participation share ownership in the fund.
In the CMB's statement, it was reminded that the funds founded by the portfolio management companies, whose titles were included in the Board Bulletin No. 2026/60 dated September 17, 2026, were closed to purchase and sale transactions through the Turkish Electronic Fund Trading Platform (TEFAS) and were subject to liquidation as of the same date.
In the statement made by the Capital Markets Board, the following statements were made: "As it is known, the funds founded by the portfolio management companies, whose titles were included in the Board Bulletin dated 17.09.2026 and numbered 2026/60, were closed to purchase and sale transactions through the Turkish Electronic Fund Purchase and Sale Platform (TEFAS) as of 17.09.2026, and the funds whose titles were included were subject to liquidation; With the Board Bulletin No. 2026/61, it was announced to the public that the current list of funds subject to liquidation and the suspension of purchase and sale transactions of the said funds outside of TEFAS were announced to the public.
In this context, only the purchase and sale instructions regarding the funds in question submitted to TEFAS on or before 16.09.2026 were included in the normal operation of the platform at transaction value dates.
On the other hand, since the orders after 13.30 on 16.09.2026 and before 13.30 on 17.09.2026 are subject to the same price value, the limit before 13.30 on 17.09.2026 was announced in the Board Bulletin dated 17.09.2026 and numbered 2026/61, although it was previously announced to the public. In accordance with the Board decision dated 17.09.2026 and numbered 57/1707, announced with the Board Bulletin dated 17.09.2026 and numbered 2026/60, since the relevant funds were closed for transaction on the TEFAS platform on 17.09.2026, all instructions given on this date for the said funds were canceled by TEFAS.
"PAYMENT WILL BE MADE IN PROPORTION OF OWNERSHIP OF PARTICIPATION SHARES IN THE FUND"
Therefore, to the owners of the instructions sent to TEFAS on 17.09.2026 due to the closure of the funds subject to liquidation to purchase and sale transactions through TEFAS and canceled by the platform in order to fulfill the requirements of the Board decision dated 17.09.2026 and numbered 57/1707; Payment will be made from the liquidation balance in proportion to the participation share ownership in the fund.
On the other hand, in terms of the implementation of provision A/6 of the liquidation procedures and principles announced in the Board Bulletin dated 17.09.2026 and numbered 2026/61, instructions that were forwarded to TEFAS on or before 16.09.2026 but could not be carried out due to the relevant fund's default or failure to disclose a price are also within the scope of liquidation. It is announced to the public with respect.
