SPK sets liquidation payment procedures for dissolved investment funds
Published · Updated
What happened
Law No. 7596 was published on 27 October, and the SPK issued a same-day decision defining how liquidated investment funds will make payments to investors. Turkish business press reported that interim payments are expected to begin from 30 October under the new procedure.
Why it matters
The publication of the law and the SPK implementation decision turns a fund scandal into a measurable execution phase. Payment timing, investor treatment, and complaint levels can now be tracked against a formal rule set, giving markets and political actors a concrete basis to judge whether the authorities have contained the problem.
Türkiye's Capital Markets Board (SPK) published a 27 October decision setting the liquidation and payment procedures for investment funds covered by Law No. 7596, with first interim payments expected from 30 October. The move gives operational effect to the new legal framework and creates an immediate test of whether the Treasury-finance-regulatory bloc can contain losses and complaints from retail investors. The issue now shifts from lawmaking to execution, with near-term consequences for market confidence, political blame allocation, and perceptions of regulatory control.
Watch for
SPK publication of any follow-up bulletin on investor payment execution or complaint procedures by 2026-11-03 Takasbank or the relevant fund liquidators confirming first transfer batches to investors by 2026-11-03 Hazine ve Maliye Bakanlığı statement by 2026-11-03 on whether the fund liquidation process requires any additional fiscal or guarantee mechanism Borsa İstanbul and TEFAS data by 2026-11-03 showing abnormal redemptions or subscription freezes in comparable retail funds
Sources
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