MSE membership requirements:
- Must have a relevant license to conduct regulated activities in the securities market.
- Must have a medium-term business plan for sustainable and stable operations.
- The equity amount must meet the amount set by the FRC.
- An operational risk fund shall be set with not less than three percent of the assets specified in 2.1.3 of the “Membership rules”.
- The service fee specified in Annex 4 of the “Membership rules” must be paid
- Must be fully acquainted with the laws and regulations of the stock market, guarantee that they will abide by these laws, and fulfill their obligations to the client in a fair and professional manner.
- Have adequate software to quickly process customer's securities registration, trading, and settlement information.
- To be provided with proper workplaces and equipment specified in Annex 3 of the “Membership rules” and to be fully operational.
- Must have staff with professional licenses.
- Must develop rules and regulations to be followed for internal operations.
MSE may reject applications in the following cases:
- Contains inconsistent, false, misleading, or inaccurate information; required information has not been fully submitted to the MSE.
- The requirements set in the FRC's “Regulations on license, licensing, and registration of certain regulated activities in the securities market” are not met.
- Formerly delisted company applied for re-membership within 6 months after the delisting.
- Accepting the applicant as a member would be contradictory to the activities of its authorized officials, influential shareholders, and parent company and would create a conflict of interest.
- The applicant has not submitted the required documents for more than 6 months since the first submission date.
- A company that was previously denied becoming a member on the grounds that it had submitted false documents has applied for re-membership within one year. The Chief Executive Officer of the MSE shall notify the applicant about the decision in writing.
Contact us
Regulatory Department
The Mongolian stock exchange
Sukhbaatar Square-3,
Ulaanbaatar 15160, Mongolia
Tel: (+976)-11-310517 / 5119, 5112/
Fax: (+976)-11-325170
Website: www.mse.mn
E-mail: membership@mse.mn