B · Normal
[Turkey will hold a two-day fund crisis meeting to discuss investor redemption plans] On September 24, after a round of failed redemptions triggered domestic market turmoil, Turkey’s economic authorities will hold a two-day meeting to discuss how to redeem funds to investors in 131 investment funds that are being liquidated. The meeting will discuss the technical details of the liquidation process and investor redemptions, and will be attended by officials from Türkiye’s major financial institutions. The latest data from the regulatory agency shows that the Capital Markets Commission has ordered the liquidation of 131 funds with a scale of approximately US$20 billion, involving nearly 456,000 independent investors.
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