SPK Announces Liquidation Process for 131 Funds: How Will Investor Payments Be Made?

The Capital Markets Board (SPK) has determined the liquidation procedures and principles for a total of 131 funds belonging to 7 portfolio management companies. The Board aims to protect investor rights and ensure that payments are made in an orderly manner by providing a detailed framework for the process. The liquidation process will take three months, and Ziraat Bank and İş Bank have been authorized during this period. These banks will play a critical role in carrying out the liquidation transactions and distributing investor payments. The method and schedule for paying investors' money into individual custody accounts have been clarified. The SPK announced that payments will be made within the framework of the determined procedures and in accordance with the envisaged timeline. The process will begin after the liquidation decisions of the portfolio management companies and will be completed at the end of the three-month period. It was emphasized that necessary steps have been taken to prevent investors from suffering any grievances. Not investment advice.