9-Article Bill Prepared to Regulate Fund Liquidation
AK Party Group Chairman Güler announced that no public funds will be used in the 9-article bill prepared for funds undergoing liquidation process.
AK Party Group Chairman Abdullah Güler shared the details of the 9-article bill aiming to protect investor rights and regulate the liquidation process with the public.
Purpose of the Bill
AK Party deputies, under the chairmanship of Group Chairman Abdullah Güler, completed their work on the bill regarding fund liquidation.
The bill aims to protect the rights of investors to the highest possible extent and swiftly.
Emphasis on Public Funds
Abdullah Güler clearly stated that no public funds will be used at any stage of the process.
No public resources will be used or permitted to be used in the decisions to be made by the Fund Monitoring and Coordination Board and other institutions.
Current Status of Funds
The total portfolio size of the funds in liquidation corresponds to 2.4 percent of households' financial assets.
The 131 funds in liquidation constitute 4.6 percent of the total number of funds in the system.
Interim Payment to Investors
Within the scope of the fourth article of the bill, a regulation has been made to prevent the victimization of investors.
According to this article, an interim payment opportunity of up to 1 million TL per person is provided.
Process and Calendar
The bill is planned to be discussed in the Plan and Budget Committee next week.
Following the committee process, the bill is expected to come to the agenda of the General Assembly of the Parliament and be completed.