Bill on Investment Funds Decided to Be Liquidated Discussed in Committee

Critical regulations regarding the calculation of investors' receivables, the recovery of fund assets, and the resolution of grievances are being addressed in the committee discussions of the Bill on Certain Investment Funds Decided to Be Liquidated.

Committee Discussions and Expected Regulations

During the discussions on the Bill on Certain Investment Funds Decided to Be Liquidated, regulations regarding payment calculations, as well as the recovery of fund assets and collections from the assets of responsible parties, are also expected to be addressed.

In the meeting, where intense debates are anticipated, regulations concerning the resolution of grievances in 131 investment funds decided to be liquidated and the calculation of investors' receivables will be discussed.

Number of Investors and Impact Analysis

According to the impact analysis of the bill, approximately 199,000 investors in money market funds and approximately 341,000 investors in hedge and equity funds have net investment amounts below 1 million TL.

However, while these figures are not definitive, the dimensions of the situation continue to be detailed in official analysis reports.

Interim Payment and Entitlement Calculations

Within the scope of the bill, which envisions interim payments of up to 1 million TL per investor, the same amount will not be paid to everyone.

The net investment amount and entitlement of each investor in the fund will be calculated by the Central Registry Agency.

Legal Processes and Judicial Burden

The impact analysis by the Capital Markets Board also includes information that criminal complaints have been filed against 69 individuals, and asset seizure measures have been applied against 189 individuals.

Additionally, it is stated that the Capital Markets Board has approximately 1,500 ongoing lawsuit files, and with lawsuits that may arise from fund liquidation, this number could reach at least 10 times the current file load.