Law on Investment Funds Decided to be Liquidated Accepted in the Grand National Assembly of Turkey
With the new law accepted in the General Assembly of the Grand National Assembly of Turkey, the principles for the fair and transparent liquidation of investment funds to be liquidated in line with Capital Markets Board (CMB) decisions have been established.
The Bill on Certain Investment Funds Decided to be Liquidated has been accepted and enacted by the General Assembly of the Grand National Assembly of Turkey. The regulation includes the procedures and principles for the fair, transparent, and effective liquidation of funds whose liquidation was decided in line with the decisions of the Capital Markets Board dated September 17, 2026.
With the law, methods regarding the recovery of assets unlawfully removed from the funds' assets, the collection of losses and damages from those responsible, and the payment of these amounts to shareholders have been enacted. The liquidation process will be carried out under the supervision of the CMB through appointed institutions.
Sources
- bloomberght.com · Link