Turkish Capital Markets Board Sets Procedures and Principles for Funds to be Liquidated

The Capital Markets Board of Turkey (SPK) has published a regulation setting out the procedures and principles for funds to be liquidated. The decision was announced by Foreks.com. The new regulation covers the steps and obligations to be followed during the liquidation process. The liquidation transactions of the funds will be carried out in accordance with the framework determined by the SPK. The methods and responsibilities to be followed for the funds to be liquidated have been clarified. In this way, it is aimed for the process to proceed more transparently and orderly. The regulation will have significant consequences for fund investors and related institutions. The SPK's decision will provide a standard approach in liquidation transactions. Not investment advice.