Following the approval of the revised “Trading rules”, “Index Calculation Rules”, and “Listing Rules” by Financial Regulatory Commission on 8th February 2018, a seminar was organized to introduce to market participants the amendments to the rules on 15th February 2018.
The notable changes of Trading Rules are as follows:
- Closing price to be calculated as a weighted average of the trades within the last hour prior to trading close
- Upper price limit for block trade to be removed
- New order types such as Fill or Kill, Minimum Fill and Iceberg order to be enabled.
Following changes of “Listing Rules” were introduced:
- The regulations for dual-listing including the waivers and exemptions are provided;
- Listing criteria and requirements are updated including a new section for mining companies
- Listing fees are set to be calculated from the total market capitalization
- In order to promote the sustainable activities of listed companies, the companies with operations that promote sustainable development shall receive discounts on their listing and annual fees.
The seminar is concluded with the presentation of the amendments to the ‘Index calculation rules’ and introduction of Board I and II (MSE-A & MSE-B) indices.
MONGOLIAN STOCK EXCHANGE