Mongolian capital market professional organizations, including Mongolian Stock Exchange, Mongolian Securities Clearing House and Mongolian Association of Securities Dealers submitted a request to FRC on June 14, 2019 on resolving critical issues encountered in the development of domestic capital market.
The request includes the following issues:
- Re-adapting the T+2 settlement cycle to ensure favorable environment for trading;
- Improving liquidity of some illiquid securities by reducing the gap between their market price and book value; and
- Reducing the regulatory service fee charged by the FRC to support market professional organizations.
Resolving these issues will assist in increasing the market turnover, improving the liquidity of the listed companies, creating more favorable environment for investors and achieving the Frontier market status.
MONGOLIAN STOCK EXCHANGE
MONGOLIAN SECURITIES CLEARING HOUSE
MONGOLIAN ASSOCIATION OF SECURITIES DEALERS