Turkey Regulator Will Liquidiate Some Funds Managed by 7 Firms
30 Articles
30 Articles
Turkey Regulator Will Liquidiate Some Funds Managed by 7 Firms
Turkey’s market regulator said it will liquidate some funds run by asset managers including Tera Portfoy and Pusula Portfoy as officials move to stem the turmoil that’s shaken the country’s investment industry.
Following the developments at Borsa Istanbul, the Capital Markets Board (SPK) has taken new measures regarding capital markets. The minimum equity ratio applicable to leveraged transactions has been temporarily reduced, and trading of 130 investment funds from 7 portfolio companies listed on TEFAS will be suspended. It has been decided that these funds will be liquidated using a method to be determined by the SPK.
The Capital Markets Board (SPK) has completely frozen operations and initiated liquidation proceedings for 130 funds, including those of Tera, Pusula, Hedef, Atlas, A1, Pardus, and Bulls Portfolio. Until the SPK announces the necessary timeline for investors to claim their rights, the shares in these funds will remain frozen.
The Capital Markets Board announced new measures following developments in the fund market. The minimum equity ratio for leveraged transactions was temporarily reduced to 20%, and it was decided that 7 portfolio management companies would be barred from buying and selling all investment funds traded on TEFAS (Turkish Investment Funds Exchange).
The Capital Markets Board (SPK) has taken two important decisions regarding the markets following fund defaults and liquidity problems on the Istanbul Stock Exchange (BIST). The Board halted trading in all investment funds listed on TEFAS, founded by Tera, Pusula, Hedef, Atlas, A1, Pardus, and Bulls Portfolio. The same decision also ordered the liquidation of numerous funds, aiming to reduce the pressure of forced selling in leveraged transactio…
Turkey ' s capital market regulator ordered the liquidation of some investment funds managed by seven companies after the collapse of quotations on ... ~ 17.09.2026, PRIM
Coverage Details
Bias Distribution
- 50% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
