Turkey fund board advances capital markets law changes amid fund crisis
02/10/2026 11:02
Turkey fund board advances capital markets law changes amid fund crisis ANKARA, Oct 2 (Reuters) - Turkey's Fund Board said on Friday work had been carried out on draft amendments to the Capital Markets Law and relevant institutions had been instructed to finalise the proposed changes as part of efforts to address turmoil in part of the country's fund market.
The board, chaired by Vice President Cevdet Yilmaz, also discussed the rules and a timetable for payments linked to decisions taken by the Capital Markets Board on Wednesday, according to the statement issued by Turkey's communications directorate.
It said the planned regulations should not impose any additional burden on citizens.
(Reporting by Ece Toksabay and Huseyin Hayatsever; Editing by Daren Butler)
((ece.toksabay@tr.com;))
Recent news on Tera Finansal Yatirimlar Holding
See all newsTurkish prosecutors order detention of 31 suspects in fund probe
Turkey fund board advances capital markets law changes amid fund crisis
Investors of liquidated funds will receive interim payments, Turkey's Capital Markets Board says (updated)
Investors of liquidated funds will receive interim payments, Turkey's Capital Markets Board says
Turkey transfers control of small investment banks, factoring firms to state fund amid fund crisis