Mehmet Şimşek announced: The date for the liquidation of problematic funds has been determined

Minister of Treasury and Finance Mehmet Şimşek announced that new regulations have been implemented in order to increase transparency in capital markets and strengthen investor confidence. Stating that the information flow has been strengthened and final shareholding has been made more transparent with the regulations made by the Capital Markets Board (CMB), Şimşek stated that the legal regulations that will strengthen the fight against capital market crimes are planned to be completed by the beginning of 2027.

Şimşek also touched upon the regulations within the scope of the Fund Guide, which came into force at the end of August. Accordingly, hedge funds are required to disclose their portfolios on a weekly basis, and announcements are made if certain shareholding thresholds are exceeded or fallen below in funds traded on TEFAS.

Within the scope of the regulations, concentration limits were imposed on funds. It has become mandatory for borrowing transactions to be carried out in organized markets and with collateral.

Stating that the results of the regulations are being followed closely, Şimşek noted that if necessary, additional steps will be taken without delay in consultation with all stakeholders.

Emphasizing that protecting investor rights is among their priorities, Şimşek stated that the aim is to complete the liquidation of problematic funds. Şimşek stated that sanctions will be applied decisively against those who disrupt the fair and competitive functioning of the markets.

Şimşek announced that the legal regulations that will strengthen the fight against capital market crimes, including coordinated transactions of funds, are planned to be completed by the beginning of 2027.

Şimşek stated that their goal is to create a transparent, reliable and effective capital market where investor rights are protected.