Liquidation process in capital markets and new coordination board
During the economic meeting chaired by President Erdoğan, the payment plan and audit processes for funds to be liquidated were discussed.
The economic management, gathered under the chairmanship of President Recep Tayyip Erdoğan, evaluated current developments in capital markets and the status of funds entering the liquidation process. To protect investors' rights, the Fund Coordination Board was established, and the CMB shared the payment roadmap.
Fund Coordination Board established
In order to accelerate the liquidation process by considering investor rights and public interest, the Fund Coordination Board was established under the chairmanship of the Vice President.
Payment roadmap from the CMB
The Capital Markets Board analyzed the asset and liquidity status of funds within the scope of liquidation and presented the payment plan prepared for investors whose entitlement has been finalized.
DDK initiated an investigation
In line with the instructions of President Erdoğan, the State Supervisory Council initiated a comprehensive audit process regarding investment fund transactions recently carried out in capital markets.
Transfer processes evaluated
At the meeting, information was provided on the ongoing work regarding the transfer of Katılımevim and Birevim Savings Finance Companies, as well as İktisat Katılım Bankası, to Türkiye Emlak Katılım Bankası.