The Turkish Parliament will work on a busy agenda in the new week, primarily focusing on the regulation regarding the fund crisis. The 9-article "Legislative Proposal on Certain Investment Funds Decided to be Liquidated," submitted to Parliament by the AKP and concerning 455 thousand 758 people, will be addressed by the Planning and Budget Committee on Wednesday, October 14.
The proposal regulates the liquidation process of 131 investment funds belonging to 7 fund companies, whose liquidation was decided by the Capital Markets Board's decisions dated September 17, 2026. The regulation includes provisions on how fund assets will be sold, under what conditions payments will be made to investors, and how fund losses or damages will be collected from those responsible.
Fund share ownership will be determined on a fund and account basis by the institutions tasked with the liquidation by comparing the records of the Central Securities Depository, Takasbank, the Turkish Electronic Fund Trading Platform, portfolio custodians, and distribution institutions.
The liquidation process will be carried out under the supervision and audit of the Capital Markets Board. The Board will have the authority to determine the procedures and principles regarding the identification and liquidation of fund assets, valuation principles, determination of fund share ownership, interim and final payment processes, and the order of distribution.
According to the proposal, interim payments of up to 1 million liras will be made to fund shareholders whose net investment amount is below 1 million liras, and a maximum of 1 million liras will be paid to those above 1 million liras. The first interim payment will be limited to the net investment amount without indexation applied.
Payments to be made to investors will be covered by the existing assets of the funds and the values recovered, collected, or returned. The final payment amount is planned to be calculated by taking the arithmetic average of the CPI and PPI changes of the net investment amounts.
The regulation also includes a provision that no payments will be made to individuals and institutions found to have committed acts within the scope of "market-disrupting actions," "insider trading," and "market fraud" as defined in the Capital Markets Law, or to have acted in concert with them. The proposal is expected to be included in the General Assembly agenda the following week after the committee discussions.
OTHER AGENDA ITEMS OF THE PARLIAMENT
The State Economic Enterprises (SEE) Committee will also begin its audit activities this week. The committee will examine the balance sheets and income statements for the years 2023 and 2024 of 45 public institutions and organizations under its audit scope. First, the accounts of the Atatürk Forest Farm Directorate, the Meat and Milk Board General Directorate, the General Directorate of Agricultural Enterprises, and the Eti Maden Operations General Directorate will be discussed.
In the General Assembly, the Turkish Red Crescent Legislative Proposal, which could not be started last week, is expected to be addressed. Additionally, 2 members will be elected to the Personal Data Protection Board.
Another item on the General Assembly agenda will be the legislative proposal foreseeing the approval of the agreement between Turkey and the United Nations Human Settlements Programme regarding the establishment of a UN-Habitat Regional Office in Turkey for Eastern European and Central Asian countries.
The European Union Harmonization Committee will meet on Tuesday, October 13. At the meeting where the deputy chair election will be held, Ministry of Foreign Affairs officials will give a presentation titled "Turkey-EU Relations." Political party group meetings in the Turkish Parliament will be held on Tuesdays and Wednesdays.
News Source: 12punto
