SPK Blocks Trading of 7 Portfolio Companies' Funds on TEFAS

The Capital Markets Board (SPK) has introduced temporary flexibility in the equity protection ratio for margin trading, taking into account developments on Borsa Istanbul. The Board also decided to close the investment funds established by Tera Portföy, Pusula Portföy, Hedef Portföy, Atlas Portföy, A1 Portföy, Pardus Portföy, and Bulls Portföy, which are traded on TEFAS, to buying and selling via TEFAS. The decision temporarily halts the trading of the funds of these portfolio companies on the TEFAS platform. This step by the SPK is considered a precaution against fluctuations in market conditions. The Board's flexibility in the equity protection ratio for margin trading aims to reduce the risks that investors may be exposed to. The closure of the funds to buying and selling on TEFAS constitutes a temporary measure for the funds of the relevant portfolio management companies. No statement was made regarding how long the decision will remain in effect. Market participants note that the SPK may make additional announcements on the matter in the coming days. Not investment advice.