Fund Coordination Board Convenes for the 8th Time: Latest Status in Liquidation Payments

The Fund Coordination Board, convening for the eighth time under the chairmanship of Vice President Cevdet Yılmaz, shared the latest status reached in fund liquidation processes. During the meeting, it was stated that a total of 68 billion liras in liquidation payments has been made to 71,899 accounts to date, and it was announced that the first interim payments for funds within the scope of extraordinary liquidation will begin on Friday, October 30.

The fund liquidation processes were addressed at the meeting held under the chairmanship of Vice President Cevdet Yılmaz, with the participation of the Ministry of Justice, the Ministry of Treasury and Finance, and relevant institutions and organizations. Law No. 7596, which ensures that payments in investments decided to be liquidated by the Capital Markets Board (SPK) are placed under legal guarantee, was published in the Official Gazette on October 27, 2026, and entered into force.

Regarding the liquidation transactions of funds founded by Hedef Portföy Yönetim Şirketi A.Ş., the transactions of 27 out of 31 funds were largely completed as of October 23. Within this scope, 27.2 billion liras were paid to 26,152 accounts, while the total number of funds in liquidation process dropped from 131 to 38.

It was conveyed that refunds to accounts at the Savings Deposit Insurance Fund (TMSF) continue, while MASAK (Financial Crimes Investigation Board) is carrying out overseas-linked studies regarding companies, suspected persons, and actual beneficiaries within the scope of the investigation. It was reported that the new draft law prepared to prevent similar problems from recurring will be submitted to the Turkish Grand National Assembly (TBMM) after being consulted with industry stakeholders.