Critical Day in Fund Liquidation: Proposal for Interim Payments of up to 1 Million TL Submitted to Parliament.
14 Articles
14 Articles
Breaking news... The discussions on the "Draft Law on Certain Investment Funds Whose Liquidation Has Been Decided" have been completed in the Turkish Grand National Assembly's Planning and Budget Committee. The draft law concerning 131 investment funds whose liquidation was decided by the Capital Markets Board (SPK) was discussed in Parliament today...
A bill that would pave the way for interim payments to investment funds undergoing liquidation has reached a critical stage in Parliament. The aim of the regulation is to prioritize small investors and expedite the payment process without using public funds, and all eyes are now on the decision to be made by the committee.
AK Party MP Ersan Aksu stated that the bill regarding the liquidation of 131 investment funds would not burden the public budget, saying, "Absolutely no Treasury resources or budgetary funds will be used in the liquidation process."
Discussions of the draft law on the investment funds decided to liquidate were started in the TBMM Plan and Budget Commission. The proposal provides that citizens with a net investment amount of less than 1 million liras can be paid in full, while if there is insufficient cash, payments will start from the smallest investors.
The Parliament's Planning and Budget Committee has begun discussing the bill concerning the liquidation of 131 investment funds and approximately 455,758 investors.
The Turkish Grand National Assembly's Planning and Budget Committee has begun discussions on the draft law concerning the liquidation of investment funds. Ersan Aksu, AK Party Samsun MP and one of the initial signatories of the proposal, stated that Treasury resources would not be used in the liquidation process, and that payments would be covered from the funds' own assets and amounts collected from those responsible.
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