Based on the provision 6.1.3 of “Law on legal status of Financial Regulatory Commission”, the provision 29.1.2 of “Securities market law”, the provision 10.1.4 of the "Law on Licensing" and the provision 8.1.5 of the FRC “Regulation on licensing of professional services in the market”, Financial Regulatory Commission has suspended the licenses of the following brokerage companies for up to 3 months:
№ | Company name | Business operations |
1 | "Baga kheer" LLC | Broker dealer |
2 | "Dogson" LLC | Broker dealer |
3 | "Prevalent" LLC | Broker dealer. underwriting |
4 | "Finance Link Group" LLC | Broker dealer |
5 | "Gobiin Noyon Nuruu" LLC | Broker dealer |
6 | "BBSS" LLC | Broker dealer |
7 | "Zeus Capital" LLC | Broker dealer. investment advisory |
8 | "MWTS" LLC | Broker dealer |
Furthermore, these companies have been warned that the licenses shall be terminated if they fail to comply with the requirements set by the FRC.
MONGOLIAN STOCK EXCHANGE