The Turkish Red Crescent Law Proposal will be discussed in the General Assembly of the Turkish Grand National Assembly, and the Law Proposal on Certain Investment Funds, Which Have Been Decided to be Liquidated, will be discussed.
The General Assembly, which will start its weekly work on Tuesday, October 20, will continue the discussions on the Turkish Red Crescent Law Proposal.
With the proposal, the first three articles of which are accepted, the Turkish Red Crescent will be the only authorized organization for the receipt and use of in-kind and cash aid coming to Türkiye in ordinary or extraordinary situations from the International Federation of Red Crescent and Red Cross Societies, the International Red Cross Committee and the Red Crescent and Red Cross National Societies of the countries.
Cash compensation will also be paid to the personnel who actually work in the activity area to carry out the activities of the Turkish Red Crescent Society during extraordinary periods and times of disaster, war and conflict.
In the provinces and districts where Red Crescent branches and representatives are located, the Red Crescent provincial central branch president and district branch heads will also be members of the Social Assistance and Solidarity Foundation board of trustees.
LEGAL PROPOSAL ON FUNDS THAT ARE DECIDED TO BE LIQUIDATED
The Bill on Certain Investment Funds, whose liquidation was decided upon at the General Assembly, will also be discussed.
With the proposal, the liquidation of the funds will be carried out by the institutions in charge of liquidation under the supervision and control of the CMB.
In the funds determined by the Board, an interim payment of this amount can be made from the liquidation assets of the relevant fund for investors with a net investment amount of less than 1 million Turkish lira, and a maximum of 1 million Turkish lira can be made for investors with a net investment amount of 1 million Turkish lira and above.
If the acts regulated in the provisions titled "market distortion acts", "information abuse", "market fraud" are committed by the funds decided to be liquidated by the CMB's decisions dated September 17, 2026, or if they act together with these funds or if they are committed with the participation of the funds, those who are determined by the Board to have committed these acts or acted together 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 CMK.
For situations that are not covered by the provision titled "Seized and confiscated asset values and recovery calculation", 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, taking into account the liquidation procedures and audit and examination results, and notify SDIF.
The amounts accumulated in the recovery account, after deducting the mandatory expenses, will be transferred by SDIF to the institution responsible for liquidation, and if the liquidation is completed, it will be transferred to 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.
BUDGET MARATHON BEGINS
Vice President Cevdet Yılmaz will make a presentation regarding the 2027 Central Government Budget Law Proposal and the 2025 Central Government Final Account Law Proposal at the Planning and Budget Commission on Wednesday, October 21.
The Public Economic Enterprises Commission will audit some SOEs.
The Security and Intelligence Commission will discuss the issues on its agenda.
Group meetings of political parties that have groups in the Parliament will be held on Tuesdays and Wednesdays. President and AK Party Chairman Recep Tayyip Erdoğan will address the members of parliament at his party's GNAT Group Meeting.
