Financial regulatory commission /FRC/ revised regulated entity’s share capital amount /financial capacity/ and decided to issue a license to undertake regulated activities in the securities market with no period from 2014 by its “Rules on licensing regulated entity to undertake activities in the securities market” approved by FRC resolution #506 on the 12 Dec 2013.
During last three years FRC granted a license for regulated activities to 50 companies for 3 years period and extended around 53 companies’ license for another 3 years.
The FRC decision to issue a license for undertaking regulated activities in the securities market without a deadline has a significance to deliver state services expressly and with fewer burdens by monitoring and regulating their activities in the frame of Revised “Securities markets law”.
During last three years FRC granted a license for regulated activities to 50 companies for 3 years period and extended around 53 companies’ license for another 3 years.
The FRC decision to issue a license for undertaking regulated activities in the securities market without a deadline has a significance to deliver state services expressly and with fewer burdens by monitoring and regulating their activities in the frame of Revised “Securities markets law”.
Public Relations Department
MONGOLIAN STOCK EXCHANGE