Turkey Approves Interim Payments to Investors in Funds Under Liquidation

Turkey’s Capital Markets Board has approved interim payments to investors in investment funds undergoing liquidation, following suspected share-price manipulation that triggered losses and pressure for withdrawals.

The payments are capped at one million Turkish lira per investor in each fund. The ceiling applies separately to each fund, rather than as a single limit across an investor’s holdings.

The decision allows investors to receive interim payments while the affected funds remain in the liquidation process.

The measure comes amid the fallout from the suspected manipulation and the resulting demands to pull money out. The approval concerns temporary payments, not a final settlement of investors’ holdings.