CMB extends liquidation period for funds under resolution to six months
Published · Updated
What happened
The Capital Markets Board amended the liquidation timetable for funds under resolution, doubling the allowed period from three months to six months. The process had previously been placed under arrangements involving Türkiye İş Bankası and Ziraat Bankası.
Why it matters
A longer liquidation window can reduce forced asset sales and give administrators more time to reconcile holdings, claims, and custody records. It also signals that the regulator is using procedural flexibility to contain knock-on effects for banks, brokers, and fund investors.
Türkiye's Capital Markets Board (CMB) on September 21, 2026 extended the liquidation window for funds under resolution from three months to six months. The step follows an earlier move assigning Türkiye İş Bankası and Ziraat Bankası roles in the liquidation process. The change points to a preference for a more orderly unwind timeline, with near-term relevance for custody operations, investor claims handling, and confidence in market plumbing.
Watch for
Capital Markets Board bulletin publication of the legal text and implementation details for the six-month liquidation rule by 2026-09-24 Türkiye İş Bankası public disclosure on liquidation administration steps, investor claim processing, or custody transfers by 2026-09-24 Ziraat Bankası public statement or filing on operational role, account handling, or payment timetable for affected funds by 2026-09-24 Central Securities Depository of Türkiye (MKK) notice on fund share transfer, valuation, or investor-access procedures by 2026-09-24
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