The Fund Coordination Board, chaired by Vice President Cevdet Yılmaz, held its seventh meeting. Following the meeting, the Presidency's Directorate of Communications shared the latest data regarding the stage reached in the liquidation process of the funds and the payments made to investors.
According to the statement, the number of funds within the scope has decreased from 131 to 47 since the beginning of the liquidation process. To date, a total of 49.7 billion TL in in-kind and cash liquidation payments have been made to 55 thousand 755 accounts.
Transactions for 18 of the 31 funds founded by Hedef Portföy Yönetim Şirketi A.Ş., for which liquidation payments began with the Capital Markets Board's (SPK) decision dated October 15, 2026, were completed as of October 21. In this context, 8.9 billion TL was paid to 10 thousand 8 accounts. It was reported that efforts regarding the liquidation of the remaining 13 funds will also be completed rapidly.
LEGISLATIVE PROPOSAL ON THE AGENDA OF THE TURKISH PARLIAMENT
The statement by the Presidency's Directorate of Communications noted that deliberations on the legislative proposal regarding the liquidation process are ongoing in the General Assembly of the Grand National Assembly of Turkey (TBMM). It was noted that the proposal aims to ensure that the process for certain investment funds decided to be liquidated by the SPK is conducted in a fair, transparent, and effective manner, and to provide legal security for the payments.
Stating that the proposal is expected to be enacted in a short time, the statement indicated that interim payment processes for the remaining funds will also be accelerated following the adoption of the regulation.
The statement also reported that processes aimed at recovering exorbitant and unfair gains deemed to have been obtained are being followed by the Ministry of Justice, the Savings Deposit Insurance Fund (TMSF), and the Financial Crimes Investigation Board (MASAK).
It was emphasized that the liquidation process is aimed to be carried out in a way that does not negatively affect the stock markets. It was announced that Deputy Minister of Treasury and Finance Kuluthan Taşkın has been appointed for the daily technical monitoring of the process and inter-institutional coordination.
News Source: 12punto
