New Measure Decisions for Markets from the Capital Markets Board

Following the meeting of the Financial Stability Committee chaired by Minister of Treasury and Finance Mehmet Şimşek, the Capital Markets Board announced that a series of new measures have been taken to protect the environment of confidence in the capital markets.

Financial Stability Committee Meeting Held

The Financial Stability Committee, convened under the chairmanship of Minister of Treasury and Finance Mehmet Şimşek, discussed in detail recent developments in the capital markets.

In the official statement made after the committee meeting, it was emphasized that the current volatility stems from problems experienced in the funds of a limited number of portfolio management companies.

Emphasized That There Is No Structural Risk

During the evaluations, it was clearly stated that there are no fundamental or structural risks regarding the functioning of Borsa İstanbul and the capital markets in general.

It was shared with the public that the current situation is a temporary and manageable problem concentrated in a specific part of the fund market.

Funds of Seven Institutions Being Liquidated

With the aim of protecting the rights of investors, the Capital Markets Board decided to liquidate the funds founded by seven institutions and traded on TEFAS.

Accordingly, the relevant funds of Tera Portföy, Pusula Portföy, Hedef Portföy, Atlas Portföy, A1 Portföy, Pardus Portföy, and Bulls Portföy companies were closed to trading transactions.

Equity Ratio Flexibility Introduced

Within the scope of additional measures taken, the equity protection ratio in leveraged capital market instrument transactions was temporarily made flexible.

Considering the risk policies of brokerage houses and customer demands, it was decided that the equity ratio will be at least 20 percent until a second announcement.