Established 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.

Stocks and cash arising from stock transactions are covered.

No compensation for value losses.

All intermediary institutions are required to participate in this Fund.

Protection is provided only when,

• An administrative liquidation decision is made for an intermediary institution by CMB.
• A bankruptcy decision is made for an intermediary institution by the court.
• A banks licence is withdrawn by the relevant authority.

 

The Investors Protection Fund guarantees the payment of a maximum amount of YTL 51.674 for 2008 per person (~29.000€) .