The Securities Market Law, the Investment Law, the Company Law, the Law on Commonwealth Law, and the Law on the Protection of Rights of Investors have to be improved. This work is reflected in the “Guidelines on the Development of Mongolian Laws until 2020” by the State Great Hural.
So what changes and amendments can be made to these laws and how can the regulatory environment of the capital market be aligned with international standards?
In order to find out answer for this question, the Financial Regulatory Commission has announced the following professional organizations have to combine their views of capital market, participants should define their development trends and objectives.
The Ministry of Finance, “Central Securities Depository” LLC, “Commercial clearing house” LLC, “Mongolian Stock Exchange” stock company, “Mongolian Securities Exchange” LLC, Mongolian Securities Dealers Association, custodian banks, investment management companies, stock companies representatives are participated in this official meeting.
During this meeting, the draft amendments to the laws will be discussed and draft amendments will be drafted in 2017-2018, which they intend to submit to the Great State Ikh Khural parliament.