Investor Compensation Center: Asset Restrictions and Electronic Redemption Process

The Central Bank of the Republic of Turkey (SPK) has amended the Investor Compensation Center Regulations, imposing restrictions on the use of the center's assets.

■The center's assets cannot be pledged, seized, or included in bankruptcy proceedings.

■Assets entrusted to the Investor Compensation Center cannot be used as collateral or security.

■Investment firms must submit detailed lists of expired deposits and claims from the previous year by the end of February.

■SPK will publish specific guidelines for non-electronic redemption requests on its bulletin and website.

■The Exchange Bank will provide monthly reports to the Investor Compensation Center on entrusted assets and claims.

■Investors will submit redemption requests via e-Government in an electronic format.

These regulations enhance investor asset security while accelerating digital processes in the market. The restrictions on the Investor Compensation Center's assets may improve market confidence in the long run, while the digital redemption process streamlines operational efficiency.