Bill on Liquidated Investment Funds at the Grand National Assembly of Turkey General Assembly

The Bill on Certain Investment Funds Decided to be Liquidated will be addressed at the Grand National Assembly of Turkey General Assembly together with the Turkish Red Crescent Bill. According to the bill, the liquidation of the funds will be conducted under the supervision of the Capital Markets Board (CMB) and intermediate payments will be made to investors.

While discussions on the Turkish Red Crescent Bill continue at the Grand National Assembly of Turkey General Assembly, the Bill on Certain Investment Funds Decided to be Liquidated will also be addressed. Within the scope of the prepared regulation, the liquidation of the funds will be carried out by institutions tasked with liquidation under the supervision and control of the CMB. For funds determined by the Board, an intermediate payment of this amount can be made to investors with a net investment amount of less than 1 million Turkish Lira, and a maximum of 1 million Turkish Lira can be paid to those with 1 million Turkish Lira and above.

If acts within the scope of market disruptive actions, market abuse, and market fraud offenses are committed by the funds whose liquidation was decided by the CMB's decisions dated September 17, 2026, or realized with the participation of these funds, no payment will be made to these persons from the liquidation and recovery account of the funds. Confiscation decisions may be issued within the scope of investigations in accordance with the provisions of the Criminal Procedure Code (CMK).

The CMB will determine the amount of damage or loss, the responsible parties, and the amounts by taking into consideration the liquidation transactions and audit results, and notify the Savings Deposit Insurance Fund (SDIF). The amounts accumulated in the recovery account, after deducting mandatory expenses, will be transferred by the SDIF to the institution tasked with liquidation or the Investor Compensation Center (ICC) and paid in proportion to the participation share ownership. The portfolio management company, which is the founder or manager of the fund, will be primarily held responsible for the damage or loss.