New legal regulations are being prepared following developments in the fund market

Following the developments in the fund market, the government is taking action for administrative, legal, and statutory regulations to prevent the repetition of similar problems, while discussions in the parliamentary research committee continue.

Regulatory Efforts

Work on administrative, legal, and statutory regulations within the body of the Banking Regulation and Supervision Agency and the Capital Markets Board begins starting next Monday.

Parliamentary Research Committee

While the AK Party does not look favorably upon the establishment of a committee in Parliament to investigate the fund corruption, the MHP takes a stance in favor of investigating the issue and conveys this view to the AK Party group management.

While opposition parties are starting preparations for a motion to establish a research committee, AK Party executives state that instead of a committee, Vice President Cevdet Yılmaz will brief the General Assembly.

State Supervisory Council Duty

AK Party sources remind that the State Supervisory Council, a constitutional institution, has been tasked by President Recep Tayyip Erdoğan to examine the crisis and liquidation process experienced in investment funds.

New Measures to Be Taken

The government plans measures such as stock limitations, gradual limits on buy-sell transactions, new audit mechanisms, and the establishment of a risk center to prevent the repetition of problems in the fund market.

The buy-sell processes of equity-dense investment funds, operational rules, and restriction hours are among the topics to be re-evaluated.

Beştepe Coordination Meeting

At the coordination meeting held in Beştepe under the chairmanship of President Erdoğan, recent developments in capital markets and regulatory deficiencies were discussed, and a calendar was established.