Fund Proposal in Parliament! Who Will Receive How Much? - Sözcü Newspaper
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29 Articles
Turkey is promoting a bill to compensate investors trapped in liquidated funds, providing for payments of up to 1 million liras and personal liability for managers, even former company executives.
AKP Group Chairman Abdullah Güler announced the details of the draft law concerning the 131 investment funds slated for liquidation. Güler stated that investors with net investments below 1 million Turkish Lira would receive the full amount, while those with investments of 1 million Turkish Lira or more would receive a maximum interim payment of 1 million Turkish Lira.
Breaking news - The AK Party has submitted a bill to the Turkish Grand National Assembly Presidency titled "Draft Law on Certain Investment Funds Whose Liquidation Has Been Decided On," which includes regulations regarding the payment and liquidation of funds. AK Party Group Chairman Abdullah Güler shared details of the nine-article bill. Güler stated, "The fund..."
A bill outlining the liquidation and payment schedule for problematic investment funds, which were shut down by the Capital Markets Board (SPK) and caused hardship to thousands of citizens, has been submitted to the Turkish Grand National Assembly (TBMM). Announced to the public by AK Party Group Chairman Abdullah Güler, the nine-article "Draft Law on Investment Funds Whose Liquidation Has Been Decided On" clarifies all the processes to be follo…
The AKP's proposed solution to the fund crisis includes interim payments of up to 1 million TL to investors, personal liability, and asset seizure. (AKP submitted a bill for the fund crisis: Interim payments of up to 1 million TL to investors, personal liability for those who caused losses - Medyascope)
The transfer of responsibility for covering losses and returning money to investors trapped in liquidated investment funds to the managers of investment companies is provided for by a bill submitted to parliament on Friday by MPs of the ruling Justice and Development Party (AKP) in Turkey.According to the draft law, which According to Bloomberg, provisional compensation of up to 1 million Turkish lira per investor is envisaged, amounting to abou…
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