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State Supervisory Council (DDK)

The Supervisory Board is a supervisory body established in Türkiye to ensure that administrative affairs are carried out in accordance with the law, in an orderly and efficient manner, and to improve them. Its members and chairperson are appointed by the President. No information about its chairperson is available in the sources.

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Fund Coordination Board to assess extra measures tomorrow

Vice President Cevdet Yılmaz said the Fund Coordination Board will assess additional measures at its second meeting tomorrow. Yılmaz said a separate account was opened within the Savings Deposit Insurance Fund (TMSF) for each troubled fund.

Economy

Fund Coordination Board set up in fund probe

After the meeting chaired by President Recep Tayyip Erdoğan, a Fund Coordination Board led by the Vice President was set up for investor payments from liquidated funds. The State Supervisory Council also launched a review of investment fund transactions.

Economy

Erdoğan tasks State Supervisory Council over fund crisis

President Recep Tayyip Erdoğan announced that he tasked the State Supervisory Council (DDK) over the fund crisis. He said they formed a board led by the Vice President to coordinate the process for funds ordered into liquidation.

Economy

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