Investors' Protection FundEstablished to fulfill cash payment and share handout
liabilities arising from the capital market operations and transactions performed
by the intermediary institutions for which progressive liquidation or bankruptcy
award was taken as per the Article 46/A added to the Capital Market Law (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, the Investors Protection Fund (the Fund)
started to operate with the establishment of Central Registry Agency (CRA),
commissioned by the Law for representation and management of the FUND, on
the date of 21.10.2001. |