The Capital Markets Board (SPK) Has Clarified the Scope of the Fund Offer: Completed Transactions Will Not Be Affected.
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The Capital Markets Board (SPK) stated in a press release that the regulation regarding clearing and share blocking, included in the Bill on the Liquidation of Funds, does not affect completed transactions, but only covers instructions for which the clearing process has not been completed.
The Capital Markets Board (SPK) announced that, in the liquidation process, particularly for investors with share blocking sub-account (PBLK) status, the mere issuance of sell orders or the existence of a specific record in the system does not automatically mean that the settlement process has begun.
Capital Markets Board (SPK): Completed Clearing Transactions Will Not Be Affected by the 'Fund Law'.
The Capital Markets Board (SPK) issued a statement to address public concerns regarding "clearance certainty" and "share blocking" included in the draft law being discussed in the Grand National Assembly of Turkey. The statement clarified, "The regulation in the draft law does not affect completed transactions. It only covers instructions for which the clearing process has not yet been completed."
The Capital Markets Board (SPK) announced that the regulation in the draft law regarding fund liquidations only covers instructions whose settlement has not been completed. It was stated that these instructions will be evaluated under equal conditions with other fund shareholders based on the amounts obtained from the liquidation.
In its previous bulletin, the Capital Markets Board (SPK) had stipulated that investors who had placed sell orders but did not receive their money would have their receivables debited to the fund's account and paid first. However, following the regulation passed in Parliament at midnight, the SPK announced that these same investors would be included in the liquidation under equal conditions with the other 455,758 fund shareholders. This new anno…
The Capital Markets Board (SPK) clarified uncertainties regarding settlement certainty and share blocking within the scope of the draft law on the liquidation of investment funds. The SPK addressed concerns regarding shares whose settlement has not yet been completed... Click here for more.
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