On November 15, 2013 the Session for executives from professional organizations of the securities market, Financial Regulatory Commission, Mongolian Stock Exchange, Mongolian Securities Clearing House and Central Depositary, Mongolian Association of Securities Dealers, and brokerage firms, took place.
During the session, FRC and MASD have made presentations concerning the growth trend of securities market and the difficulties that are facing. Furthermore, the MSE and MSCHCD’s executives have made presentations regarding the revision of securities market infrastructure.
During the session participants agreed on following recommendations:
- to protect investors’ interest and rights by combining management of state and self-regulatory organizations,
- to ease securities issuance process in order to create favorable environment for the state owned companies to be privatized,
- to encourage investors by introducing flexible taxation policy, that will give further incentives and
- to strengthen securities and cash clearing and settlement standards.
The Financial Regulatory Commission shall inform public about the agreed proposals and recommendations.
Public Relations Department
MONGOLIAN STOCK EXCHANGE