The Financial Regulatory Commission of Mongolia (FRC) approved a new regulation, named ‘Prevention of the securities market abuse’.
The regulation is in line with the International Organisation of Securities Commissions’ principles of securities regulation and focuses on investigation and prevention of the market abuse and unfair trading methods.
In accordance with the resolution, FRC will be allowed to regulate the prohibition of market participants’ trading activities using insider information and market abuse determined in the Securities market law provisions #78 and #80. It is also envisaged that shares and securities prices have to be based on liberal and fair demand and supply.
Contact:
Yuliya Shibukova, Relationship Manager, Global Securities Services Russia
Yuliya.Shibukova@unicredit.ru