19.10.2026 14:52
The Economic Coordination Board (EKK) announced when interim payments will begin in troubled funds. In a statement made after the Board's 8th meeting this year, it was stated that the bill concerning the liquidation of the funds was accepted by the Planning and Budget Committee of the Grand National Assembly of Turkey (TBMM). Following the bill's enactment in the General Assembly, interim payments are expected to begin as soon as possible.
A new statement has come regarding the interim payment process affecting hundreds of thousands of people with investments in distressed funds. The EKK indicated that the bill must be accepted in the General Assembly of Parliament for payments to begin.
The Economy Coordination Board (EKK) met under the chairmanship of Vice President Cevdet Yılmaz.
The meeting at the Presidential Complex was attended by Minister of Treasury and Finance Mehmet Şimşek, Minister of Labor and Social Security Vedat Işıkhan, Minister of Energy and Natural Resources Alparslan Bayraktar, Minister of National Education Yusuf Tekin, Minister of Industry and Technology Mehmet Fatih Kacır, Minister of Agriculture and Forestry İbrahim Yumaklı, Minister of Trade Ömer Bolat, AK Party Group Chairman Abdullah Güler, AK Party Deputy Chairman Mustafa Elitaş, President of the Council of Higher Education (YÖK) Prof. Dr. Erol Özvar, President of the Presidential Strategy and Budget Office İbrahim Şenel, Presidential Communications Director Burhanettin Duran, AK Party Deputy Chairman Nihat Zeybekci, Governor of the Central Bank of the Republic of Turkey (TCMB) Fatih Karahan, and some deputy ministers.
“INTERIM PAYMENTS WILL BEGIN AS SOON AS POSSIBLE”
In the statement made after the EKK's 8th meeting in 2026, it was stated that steps regarding distressed funds were taken in coordination with relevant institutions. The statement said that the bill aimed at liquidating the funds in a fair, transparent, and legally safe manner was submitted to the Grand National Assembly of Turkey (TBMM) and accepted by the Plan and Budget Committee. It was noted that after the bill is enacted in the General Assembly, interim payments will begin “as soon as possible.”
LIQUIDATION DECISION FOR 131 FUNDS
The Capital Markets Board (SPK) decided on September 17 to liquidate 131 funds belonging to 7 portfolio management companies. According to Central Registry Agency (MKK) records, there are 455,758 investors in these funds. On October 1, the SPK made an interim payment decision for funds in the liquidation process of Tera, Pusula, Atlas, and Hedef Portfolio Management.
According to the decision, investors can be paid up to 1 million lira based on the net investment amounts in MKK records before the liquidation is completed. The interim payment made will be deducted from the final receivable to be calculated at the end of liquidation. It had been stated that priority in payments would be given to money market funds and that the order would start with the fund with the most investors.
PAYMENT PLAN CHANGED FOR 31 FUNDS
Meanwhile, the SPK removed 31 funds belonging to Hedef Portfolio from the interim payment mechanism. Payments in these funds will be made within the framework of ordinary liquidation rules. Accordingly, fund assets will first be converted into cash, and the distributable amount will be transferred to investors in proportion to their shares. The liquidation process will be carried out by the authorized custodian institution Ziraat Bank. No payment date has yet been announced for these funds.
OTHER TOPICS ON THE ECONOMIC AGENDA
In the EKK statement, it was argued that with the implemented economic program, growth has become more balanced and unemployment and inflation have declined. The Board reported that they aim to increase productivity and competitiveness while preserving these gains. The statement also indicated that strengthening the link between education and employment is among priority policy areas. It was conveyed that employment of young people and women will be encouraged, and that revisions in balance of payments statistics were also discussed at the meeting.