According to reports, the Ankara parliament passed a bill relating to the liquidation of investment funds. The relevant provisions are not general fund supervision rules and only apply to funds that have entered the liquidation process since September 17. The goal of the Act is to obtain the highest possible asset value for fund holders during the liquidation process. Investors who submitted a sale application on or before September 17 but whose transactions were frozen on the Tefas Fund platform are included in the scope of this liquidation. Those found to have committed market fraud in the transaction will not be able to obtain any payment funds. Temporary payments issued to investors are capped at 1 million liras per person. Some investors have successfully redeemed them before. The repayment amount is higher than the principal amount plus the difference in inflation, and such personnel are required to refund the excess amount.

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