Breaking News... AKP Makes Move on Fund Crisis with 'Bill' Proposal: How Are Repayments Planned to Be Made?
22 Articles
22 Articles
Following the funding crisis, the AKP is expected to submit a bill to the Turkish Grand National Assembly this week that would initially provide payments to those with investments under 1 million TL, and later to those with investments exceeding 1 million TL.
It has been learned that the AKP will submit a 10-article bill to parliament regarding the liquidation of funds and repayments.
The Grand National Assembly of Turkey is preparing legislation regarding the liquidated funds. The approximately 10-article bill, expected to be submitted to the Assembly Presidency by the AK Party no later than the beginning of next week, will regulate the liquidation of the funds and the repayments to investors. The bill is expected to be enacted into law within October.
The ruling Party of Justice and Development of Turkey (AK Parti) intends to introduce into Parliament a ten-point bill on payments to investors who have been liquidated ... 06.10.2026, PRIM
Following the Capital Markets Board's decision to pay those with investments of less than 1 million TL in funds undergoing liquidation, the AK Party has begun preparing a new 10-article draft law to create the legal framework for the process.
The AK Party has prepared a provisional bill regarding fund transactions in the capital market. The 10-article proposal envisages the liquidation of assets up to 1 million Turkish Lira belonging to 455,578 investors.
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