The Mongolian Stock Exchange has waived 100 percent of the trading fee payable by issuers of shares and investment fund units in the primary market. As a result,  the number of open joint-stock companies offering their shares to the public through the stock exchange will increase, the stock market will expand, and the middle class will grow.

Moreover, the Mongolian Stock Exchange revised the procedure of primary and secondary market trading commissions to be included in the Frontier Markets category of the FTSE Russell Group and to attract domestic and foreign professional investors. Previously the trading fee was calculated for each transaction, and now it will be calculated from the total amount of the entire transaction.

In addition to trading fees, the Mongolian Stock Exchange has gradually reduced several types of fees this June. Specifically, within the National Strategy for Reducing Interest Rates,  registration fees of shares and bonds were decreased by respectively 10-40 percent and up to 36 percent. In addition, to increase the number of professional or institutional investors in the stock market and to support the development of the market, investment fund commissions have been reduced by 50-75 percent.

The Mongolian Stock Exchange is gradually reducing its fees, which is an important historical step that will be a starting point for crucial occasions in the following year.  In particular, this measure will be significant support for the transition of large enterprises of Mongolia to form open joint-stock companies and the transition of citizens with transparent and open governance to the form of publicly controlled companies.

MONGOLIAN STOCK EXCHANGE