Statement on Funds from Cevdet Yilmaz: Extraordinary Liquidation on Parliament's Agenda

Vice President Cevdet Yilmaz stated that administrative and judicial steps are being taken in a coordinated manner regarding the problems that have arisen in capital markets. He announced that legal regulations concerning the extraordinary liquidation process are on Parliament's agenda.

Vice President Cevdet Yilmaz emphasized in a statement on his social media account that capital markets hold critical importance for economic development. He stated that the market will continue on its path even stronger once the problems recently emerged in certain funds are overcome. Stating that the Fund Coordination Board, which he chairs, is carrying out intensive work, Yilmaz noted that administrative and judicial measures are being implemented decisively.

Yilmaz conveyed that routine liquidations are being carried out rapidly, while legal regulations for extraordinary liquidation processes are on Parliament's agenda. Stating that multifaceted efforts are being made to return unjust gains to the system, Yilmaz expressed that portraying the measures targeting troubled funds as if they encompass the entire market harms the system and investors. He drew attention to the fact that funds operating in compliance with rules make up more than ninety percent of the market.