CMB Suspends Activities of Tera and Pusula Portfoy

Having temporarily suspended the capital market activities of 2 portfolio management companies, the Capital Markets Board (CMB) authorized 2 major banks to execute the liquidation process of the funds in the portfolios. According to weekly bulletin decisions, while a temporary suspension decision was made for Tera Portfoy Yonetimi and Pusula Portfoy Yonetimi, the management and liquidation operations of the funds founded by the companies were divided between Turkey Is Bankasi and Ziraat Bankasi.

Which bank will liquidate Tera Portfoy funds?

Under the scope of the decision, the liquidation operations of mutual funds, real estate investment funds, and venture capital investment funds issued by Tera Portfoy Yonetimi will be conducted by Turkey Is Bankasi. The scope of the authorization covers the entire portfolio remaining outside the funds previously ruled to be liquidated pursuant to the decisions of the CMB Decision-Making Body dated September 17, 2026.

Which funds were excluded from the Pusula Portfoy liquidation?

For the liquidation operations of mutual funds, real estate investment funds, and venture capital investment funds within Pusula Portfoy Yonetimi, Ziraat Bankasi will handle the process. Similarly, on the Pusula Portfoy front, funds whose liquidation was previously decided under Board decisions dated September 17, 2026, were kept outside the scope of this process.

No detailed data was shared in the bulletin regarding the grounds for suspending the companies' activities or the total monetary volume of the funds to be liquidated. The operational process for the 2 portfolio companies will be completed in accordance with the regulatory calendar through the designated banks.

This content is for information purposes only and does not constitute investment advice.