
A statement was made regarding the powers of CMB and Borsa Istanbul, recovery of fund assets and legal regulations.
AI-generated summary
Minister of Treasury and Finance Mehmet Şimşek gave almost the same answer in the Turkish Grand National Assembly to written questions regarding the fund crisis. In the response, the supervisory powers of CMB and Borsa Istanbul were mentioned. It was reported that amendments to the Capital Markets Law are continuing. Prof. was arrested on November 11 within the scope of the fund investigation. Dr. Ali Paslı attended the panel organized by the Istanbul Bar Association Banking and Finance Law Commission as a speaker. It was claimed that former Minister Fatma Betül Sayan Kaya stayed in a privileged ward in Marmara Closed Penal Institution. NEW Party, on the other hand, brought the law regarding the funding crisis to the Constitutional Court.
Minister of Treasury and Finance Mehmet Şimşek gave almost the same answer to all written parliamentary questions regarding the funding crisis of the MPs in the Turkish Grand National Assembly.
In the response, it was noted that among the duties of the CMB is "to ensure the functioning of capital markets in a reliable, transparent and stable environment and to ensure the protection of the rights and benefits of investors, to carry out continuous surveillance and control of the market with effective surveillance and control mechanisms." In this context, the response pointed out that the authority to audit, examine, stop transactions and impose sanctions in the capital markets was given to the CMB, and that Borsa Istanbul was also responsible and authorized to ensure the safe and orderly functioning of the markets within the framework of the same law.
In the response, it was noted that the priority in the next period would be to implement permanent regulations in order to avoid similar problems, and it was reported that studies on amending the Capital Markets Law, including structural steps in this context, were continuing.
PUNISHMENT FOR A PUBLICATION THAT DAMAGES REPUTATION!
In the response, the main areas of regulation to be made in this context were listed as follows:
"Mechanism for extraordinary liquidation and recovery of illegally extracted values by board decision for funds that have suffered losses against the problem of unlawful reduction of fund assets. Holding those who damaged the fund personally responsible when necessary, clarifying those responsible for market abuses. Increasing deterrence by making administrative and judicial penalties heavier. Strengthening the organization, powers and income sources of the Investor Compensation Center. Providing a legal basis for the risk center function in the capital market by establishing a rescue and liquidation framework for central clearing institutions. Issuance "Simplifying the processes and giving the board the authority to regulate in the field of sustainability. Making false publications that damage the reputation of capital market institutions as a crime."
HE WILL SPEAK AT THE PANEL
Prof. was arrested on November 11 within the scope of the fund investigation. Dr. Ali Paslı was among the speakers of the investment funds panel announced by the Istanbul Bar Association Banking and Finance Law Commission for Thursday, November 12. On the other hand, it was claimed that Paslı was the nephew of AKP Deputy Chairman Hayati Yazıcı's wife.
PRIVILEGED WARD CLAIM AGAINST KAYA
Detainee former Minister of Family and Social Policies and AKP Deputy Chairman Fatma Betül Sayan Kaya is staying in Marmara Closed Penal Institution. According to DW, Kaya stays in a single ward of approximately 12 square meters. Kaya's ward opens to a courtyard that only he can use. It is stated that the courtyard is open from 08.00 in the morning until 20.00 in the evening. It was learned that Kaya's ward was cleaned before he was brought to prison. According to the testimonies of some lawyers, Kaya had his first lawyer meeting in cabin C1. It was noted that Kaya held his meetings only in this cabin and that precautions were taken against him coming into contact with other detainees and convicts. It was also claimed that the door of the interview booth was locked.
FUND LAW WAS MOVED TO THE Constitutional Court
NEW Party brought the law, which includes regulations regarding the collection of losses from the fund crisis from those responsible and the payment of the recovered values to the fund shareholders, to the Constitutional Court (AYM) on the grounds that some of its provisions are unconstitutional. In the application, it was requested that some articles of the regulation be suspended and canceled. Günaydın, who made a statement with the victims of the crisis in Ahlatlıbel Atatürk Park, said, "This system is rotten. We will stand by all the victims, regardless of the identity, qualifications or political views of the victim. However, we will also catch those who created this victimization and will not let them go."
AI outlook — possibilities, not facts
Fund supervision will be strengthened by making changes to the Capital Markets Law.
Likely · Within months
The organization, powers and income sources of the Investor Compensation Center will be strengthened.
Possible · Within months

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