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ARTICLE · 28 SEPTEMBER 2026

Implementation Procedures For Investment Funds Ordered Into Liquidation

Gen Temizer Erdogan Girgin Attorney Partnership
Gen Temizer Erdogan Girgin Attorney Partnership
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With its decision No. 57/1708 dated 17.09.2026, the Capital Markets Board (the “CMB”) set out the liquidation procedures for the 131 investment funds established by Tera, A1 Capital, Atlas, Bulls, Hedef, Pardus and Pusula Portföy Yönetimi, whose liquidation had been ordered under its previous decision, and updated the relevant list of funds in the same decision.

TurkeyFinance and Banking
Dila Topuz
Dila Topuz
Göze Yıldırım
Göze Yıldırım
Berke Yalçın
Berke Yalçın
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With its decision No. 57/1708 dated 17.09.2026, the Capital Markets Board (the “CMB”) set out the liquidation procedures for the 131 investment funds established by Tera, A1 Capital, Atlas, Bulls, Hedef, Pardus and Pusula Portföy Yönetimi, whose liquidation had been ordered under its previous decision, and updated the relevant list of funds in the same decision.

Pursuant to the CMB’s decision No. 57/1708:

  • As portfolio custodian, T. İş Bankası A.Ş. has been appointed for the funds established by Tera Portföy, and T.C. Ziraat Bankası A.Ş. for the funds established by the other six companies (A1 Capital, Atlas, Bulls, Hedef, Pardus and Pusula); these banks have been authorised to carry out the liquidation process.

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