CMB DECISION DATED SEPTEMBER 20, 2026: MAXIMUM LIQUIDATION PERIOD FOR FUNDS UNDER LIQUIDATION EXTENDED FROM THREE MONTHS TO SIX MONTHS

CMB DECISION DATED SEPTEMBER 20, 2026: MAXIMUM LIQUIDATION PERIOD FOR FUNDS UNDER LIQUIDATION EXTENDED FROM THREE MONTHS TO SIX MONTHS

The Capital Markets Board’s Bulletin No. 2026/62, dated September 20, 2026, contains an important update regarding the implementation of the collective liquidation decisions published in Bulletins Nos. 2026/60 and 2026/61, dated September 17, 2026. The key provisions of the amendment and its sector-specific implications are summarized below.

1. Extension of the maximum liquidation period to six months

Pursuant to the Capital Markets Board’s Decision No. 59/1710 dated September 20, 2026, the maximum liquidation period of three months stipulated in Board Bulletin No. 2026/61 for funds subject to liquidation has been extended to six months. Under the previous regulation, liquidation was required to be completed within a maximum of 3 months from the date of the announcement.

2. Purpose and Scope of the Amendment

The amendment aims to enable the assets in fund portfolios to be converted into cash under more favorable conditions, taking into account market conditions and investor interests. The six-month period is the maximum duration; liquidation proceedings may be completed earlier depending on circumstances, and other liquidation procedures and principles will continue to apply unchanged.