AK Party Submits Bill to Liquidate 131 Investment Funds

The AK Party submitted a nine-article bill to the Turkish Grand National Assembly on 9 October covering 131 investment funds that the Capital Markets Board (SPK) decided to liquidate on 17 September. The funds represent 2.4 percent of household financial assets and 4.6 percent of all funds in the system.

Investors with net principal below 1 million lira may receive that full amount as an interim payment; those above the threshold are capped at 1 million lira. Principal will be inflation-adjusted using the average of CPI and D-PPI up to the liquidation date.

“We prepared a special legislative arrangement to resolve the extraordinary situation in the funds decided for liquidation by the SPK on 17 September 2026 through a fair and transparent method that observes the common interest of investors.”

If available cash cannot cover all interim payments, distribution will be pro-rata. The Savings Deposit Insurance Fund (TMSF) may be appointed trustee over seized assets and can sell them before court rulings. Founders and portfolio managers bear primary liability for any shortfall, and resignation does not erase responsibility for actions taken during their tenure.

AK Party Group Chair Abdullah Güler said the measure is a temporary, exceptional regime for the specific funds only and stressed that no public money will be used. He described the affected funds as a limited "virus" that must be removed to protect market stability.