Fund Coordination Board says first interim payments from extraordinary liquidation funds start on 30 October
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What happened
The Presidency’s Communications Directorate announced after the 8th Fund Coordination Board meeting that interim payments for funds in extraordinary liquidation are expected to start on 30 October 2026. The statement tied the payout plan to Law No. 7596, a CMB implementation decision, account work by the Savings Deposit Insurance Fund (TMSF), and cross-border tracing by the Financial Crimes Investigation Board (MASAK).
Why it matters
This is a concrete move from legal design to cash distribution in a financial restitution file involving multiple Turkish institutions. It also indicates that authorities are using securities regulation, asset administration, and anti-money-laundering channels together, which may shape treatment of similar insolvency or investor-protection cases.
The Presidency’s Communications Directorate said the 8th Fund Coordination Board met under Vice President Cevdet Yılmaz and reviewed implementation steps under Law No. 7596 for funds in extraordinary liquidation. The statement said first interim payments are expected to begin on 30 October 2026, linking the process to the CMB’s implementing decision, TMSF accounts, and MASAK’s cross-border work. The announcement turns a legal-regulatory framework into an operational payout timetable and signals that further structural legislation is being prepared.
Watch for
TMSF confirmation on 2026-10-30 that the first interim payments were credited or instruction files were opened for eligible claimants SPK bulletin or board disclosure by 2026-11-01 detailing implementation parameters for interim payments under Law No. 7596 MASAK statement or court-linked filing by 2026-11-01 on cross-border asset tracing or transfer restrictions connected to extraordinary liquidation funds Presidency Communications Directorate release by 2026-11-01 on draft structural legislation or a follow-up Fund Coordination Board decision
Sources
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