Published in the Official Gazette: The 'Fund Law' Has Entered Into Force.
23 Articles
23 Articles
Turkey approved a law to clear 131 stalled investment funds and to make temporary payments of up to 1 million lire available to the investor, in an effort to return the outstanding funds and support some 456,000 investors, without ensuring full recovery of losses.
Breaking news: The Capital Markets Board (SPK) has announced the procedures and principles for interim payments in certain investment funds under liquidation established by Tera, Pusula, and Atlas portfolio management companies. A maximum limit of 1 million TL per investor will be applied to payments, with priority given to money market funds. Capital Markets...
Law No. 7596, which contains regulations regarding investment funds whose liquidation was decided by the Capital Markets Board (SPK) on September 17, 2026, has been published in the Official Gazette. The regulation establishes the principles for the liquidation of fund assets, the recovery of values obtained through illegal transactions, and payments to investors. According to the law, if certain conditions are met, interim payments of up to 1 m…
The law concerning investment funds whose liquidation was decided by the Capital Markets Board (SPK) has been published in the Official Gazette and has entered into force.
Vice President Cevdet Yılmaz stated regarding fund payments, "Payments up to 1 million TL will begin on Friday through İş Bankası and Ziraat Bankası."
The Capital Markets Board (SPK) has announced the procedures and principles for interim and final payments in the Tera, Pusula, and Atlas Portfolio funds, which are under liquidation. Priority will be given to money market funds, and payments will be made through Ziraat Bank and İş Bank. A limit of 1 million TL per investor will be applied for interim payments.
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