Based on the provision 6.1.3 of “Law on legal status of Financial Regulatory Commission”, the provision 34.1.4 of “Securities market law”, provisions 8.1.2, 8.3.1 and 8.1.6 of the FRC “Regulation on licensing of professional services in the market”, Financial Regulatory Commission has suspended the license for brokerage and securities dealing activities of “BBSS” LLC, “Monkhan Trade” LLC and “Tengri securities” LLC for 3 months by its resolutions #502, 503 and 504 of December 12, 2013.
Furthermore, these companies have been warned that the licenses shall be terminated if they fail to comply with the directions and requirements given by the FRC.
Furthermore, these companies have been warned that the licenses shall be terminated if they fail to comply with the directions and requirements given by the FRC.
Please click here to view FRC resolutions
Public Relations Department
MONGOLIAN STOCK EXCHANGE