Türkiye removes CMB Chairman Mahmut Sütcü from office
Mahmut Sütcü, Chairman of the Capital Markets Board of Türkiye (CMB), was removed from office by a presidential decree published in the Official Gazette on October 20, 2026.
The decision comes at a time when investigations into investment funds and the activities of regulatory authorities are under close scrutiny in Türkiye's capital markets.
The leadership change at the CMB has emerged as one of the day's major developments for Borsa Istanbul, investment funds, and capital market regulations. Investors will closely monitor the board's statements regarding its ongoing supervisory activities and investigations.
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