President Erdoğan to meet with economic team regarding capital markets and fund investigation
President Erdoğan is meeting with his economic team to evaluate the fund investigation and liquidation processes in the capital markets.
President Recep Tayyip Erdoğan announced that he will come together with his economic team to evaluate the fund investigations and liquidation processes carried out in the capital markets.
Cabinet Meeting and Fund Investigation
Making statements following the Cabinet Meeting, President Recep Tayyip Erdoğan gave messages regarding the fund investigation that has come to the agenda in the capital markets.
Legal Process and New Regulations
Stating that individuals found to have engaged in market-disruptive actions will be held accountable before the law, Erdoğan expressed that new regulations will be made to prevent similar problems from recurring.
Comprehensive Presentations by Ministries
During the Cabinet Meeting, which lasted approximately three hours, the Minister of Justice and the Minister of Treasury and Finance made comprehensive presentations on the subject.
Liquidation Process and Investor Rights
The Capital Markets Board (SPK) had decided on September 17 to suspend 131 funds from trading on the Turkey Electronic Fund Trading Platform (TEFAS) and to initiate the liquidation process.
Efforts to Protect Investors
Following the fund investigation, all relevant institutions continue their work to protect investor rights and carry out the liquidation process.