The Closed-end Fund Listing Rules that approved by Mongolian Stock exchange’s Board of Directors on June 28th, 2019, has been approved by the FRC Chairperson's Order No.537 on November 13th, 2019.
In recent years, Mongolian capital market has gone through a rapid transformation and an IPO boom and in 2018, it reached the historical record in equity trading turnover, the number of IPOs as well as admitted the first securities dual-listing. Building on the current achivements, now is a great opportunity to further expand the stock market and improve the market liqudity by increasing the participation of professional investors.
These Rules will introduce the new product to the Mongolian market which allows funds to offer its units to public while investors to diversify its risks. According to the international practices, increasing the participation of professional investors has shown positive effect on creating more stable and more liquid market, as well as enhancing retail investor protection.
We further aim at developing regulation on trading of open-end funds in cooperation with the regulator and other professional institutions.
Please click here to view the Closed-End Fund Listing Rules.
MONGOLIAN STOCK EXCHANGE