First interim payments for funds under extraordinary liquidation begin on October 30

The Presidency's Directorate of Communications announced that the first interim payments for funds placed under extraordinary liquidation will begin on October 30.

Following developments in capital markets, the liquidation process has been accelerated. In the statement made after the 8th Fund Coordination Board meeting convened under the chairmanship of Vice President Cevdet Yılmaz, it was recalled that Law No. 7596, aimed at providing legal security for investment funds whose liquidation was decided by the CMB, entered into force after being published in the Official Gazette on October 27, 2026.

Within the scope of the ongoing liquidation process, transactions in 27 out of 31 funds belonging to Hedef Portföy Yönetim Şirketi A.Ş., whose liquidation began with the CMB decision dated October 15, 2026, were largely completed as of October 23. During this process, a total of 27.2 billion liras was paid to 26,152 accounts. It was announced that a total of 68 billion liras in kind and in cash has been paid to 71,899 accounts to date. MASAK is conducting the investigation to cover international connections.