Structure of the Fund

IPF is established to fulfill cash payment and share handout liabilities arising from the capital market operations and transactions performed by the intermediary institutions for which administrative liquidation or bankruptcy decision was taken as per the Article 46/A added to the Capital Market Law through modification made on 18.12.1999 and the banks falling in the scope of the Law Article 50, paragraph whose operations were abolished through the decree taken by the Council of Ministers provided the provisions of the Banks Law are reserved, as well as the duties governed under the Law Article 46/B and to meet the liquidation costs.

It is started to operate with the establishment of Central Registry Agency commissioned by the Law for representation and management of the Fund, on the date of 21.10.2001.