Business · Companies · 4 hrs ago
Turkey allows interim payments of up to 1 million lira to some fund investors
Turkey's new law covers unfinished liquidations of certain investment funds ordered by the Capital Markets Board, known as the SPK, on September 17, 2026.
The law took effect after publication and applies only to those funds whose liquidation was still incomplete at that time.
The SPK will oversee the liquidation process and set rules for valuing and selling assets, identifying investors and making payments.
If a fund's assets cannot cover investors' claims, the SPK may approve interim payments of up to 1 million lira per investor, subject to available funds and other limits.
The amount is calculated using investors' net contributions, adjusted for changes in consumer and producer prices, and will be deducted from their final claims.
The law also aims to recover assets taken from funds unlawfully and collect losses from those responsible.
Recovered money will be distributed to fund investors under procedures set by the SPK.
Turkey’s new law allows interim payments of up to 1 million lira to investors in certain investment funds undergoing liquidation.
The law covers funds ordered into liquidation by the Capital Markets Board on 17 September 2026, if liquidation was still incomplete when the law was published.
It also aims to recover assets unlawfully removed from the funds and use recovered money to pay investors.
The Capital Markets Board will oversee the liquidation process and set rules for asset valuation, sales and payments.
- Who
- Investors in certain investment funds undergoing liquidation. The Capital Markets Board oversees the process.
- What
- A new law allows interim payments of up to 1 million lira and sets rules for fund liquidation and recovery of assets.
- When
- The law was published and took effect on 26 October 2026.
- Where
- Turkey.
- Why
- To liquidate the funds, recover assets unlawfully removed and pay investors what they are owed.
This story does not have two clearly opposing sides.
The Capital Markets Board decided to liquidate the funds covered by the law.
The law was passed.
The law was published in the Official Gazette and took effect.
- Interim payment cap
- Up to 1 million lira per investor
- Covered funds
- Funds ordered into liquidation on 17 September 2026 whose liquidation was incomplete when the law was published
- Law number
- 7596
- Law length
- 9 articles
- Oversight
- Capital Markets Board of Turkey