A statement was issued by the Directorate of Communications following the Sixth Fund Board Meeting, which was chaired by Vice President Cevdet Yılmaz. It was noted that the Ministry of Justice, the Ministry of Treasury and Finance, and relevant institutions and organizations participated in the meeting.
The statement noted that the legislative proposal prepared to ensure that the process for certain investment funds, whose liquidation was decided by the Capital Markets Board, is conducted in a "fair, transparent, and effective" manner and that payments are legally secured, was accepted by the TBMM Planning and Budget Committee on October 14, 2026. It was reported that the proposal is expected to come to the General Assembly agenda next week.
It was also stated that initial evaluations were made at the Fund Coordination Board regarding a new draft regulation containing permanent changes to the Capital Markets Law, aimed at resolving structural problems in capital markets, strengthening audit mechanisms, and increasing the deterrent effect of sanctions and penalties.
According to the information provided regarding the liquidation process, in-kind and cash liquidation transactions amounting to approximately 40.8 billion TL for more than 45,000 people in 66 separate investment funds managed by A1 Portföy Yönetim Şirketi A.Ş., Bulls Portföy Yönetim Şirketi A.Ş., and Pardus Portföy Yönetim Şirketi A.Ş. have been completed by Ziraat Bankası.
With these transactions, it was reported that the number of funds in the liquidation process has decreased from 131 to 65.
The statement indicated that with the Capital Markets Board's decision dated October 15, 2026, it was decided that the liquidation transactions regarding the funds founded by Hedef Portföy Yönetim Şirketi A.Ş. would also be subject to the same principles. In this context, it was conveyed that it is planned to make payments to the highest possible number of people next week, starting primarily with those in money market funds.
News Source: 12punto
