AK Party Group Chairman Abdullah Güler announced that they submitted the bill regarding fund liquidation to the Turkish Grand National Assembly.
Güler said that the fund bill consists of 9 articles.
Saying that the fund crisis occurred in a limited area of the fund market, Güler continued his words as follows;
“The extraordinary situation in the funds will be resolved by a fair method. The proposed law does not introduce a general or permanent liquidation regime.
Due to the strong structure of our financial markets, there are no negativities in the capital markets. The funds intervened by the CMB on September 17, 2026 do not indicate a general situation in the capital markets; the problem occurred in a specific and limited area of the fund market. Our bill will be an opportunity to eradicate the virus from the body in order to protect it from the different effects of diseased elements on the capital market. Our proposal is a temporary exceptional regulation regarding liquidated funds.
If the distributable cash cannot cover all the interim payments, the available cash will be distributed by maintaining the ratio of the amount subject to the interim payment to the total interim payment.
SDIF will be able to appoint a trustee for assets seized in fund-related investigations. TMSF will be able to sell these assets without waiting for the outcome of the case.
Public resources will never be used or allowed.
An interim payment of 1 million TL will be made.
