According to article No.20.1.6 of Securities law of Mongolia, article No.13.2 of Accounting law of Mongolia, securities issuer companies shall have to submitthe second quarter financial statement to MSE within 20th of July. The report submitting timehas extended to 25 July 2014 by Minister of Finance due to the coincidence of the national holiday “Naadam Festival”. 

 

As of 25 July 2014, 48 JSCs or 19.7 percent of total 244 MSE listed JSCs submitted statement to MSE. Rest of 196 JSCs that failed to implement the obligation of providing transparency will be announced to the public by MSE.If this violation will be repeated, MSE will take actions such as to suspend securities trading or delist from MSE. 

 

Click here  to view companies that did not submit statement on time.