The Presidency's Directorate of Communications announced that the Fifth Fund Board Meeting was held under the chairmanship of the Vice President. During the meeting, payment and liquidation processes for certain investment funds, which the Capital Markets Board decided to liquidate, were evaluated.
According to the statement, a total of 6.4 billion TL was paid to 43,643 investors in funds managed by A1, Bulls, and Pardus through Ziraat Bank last week.
Another item on the Board's agenda was the remaining funds of the same three portfolio management companies. It was reported that the liquidation transactions totaling 34.1 billion TL in 49 funds are targeted to be completed by the end of this weekend.
If the process proceeds as planned, the in-kind and cash liquidation transactions amounting to 40.5 billion TL for 45,745 individuals in a total of 66 investment funds managed by the three portfolio management companies will be completed.
The Directorate of Communications statement noted that the legislative proposal prepared to ensure the fair, transparent, and effective execution of the liquidation process and to provide legal security for the payments was submitted to the Speaker of the Grand National Assembly of Turkey (TBMM) on October 9, 2026.
It was noted that the proposal is scheduled to be discussed in the TBMM Planning and Budget Committee on October 14, 2026. Following the enactment of the regulation, it is aimed to rapidly complete interim payments regarding the other 65 funds in the liquidation process.
News Source: 12punto
