Source: www.news.gogo.mn    Date: May 14, 2010

A working group set up by the Prime Minister has prepared a list of measures to be implemented to develop the securities market. The measures are aimed at improving the legal environment to put in place a medium-term plan for a securities market with centralized administration. Some of these will be implemented in 2011 and the rest in 2012, depending on the availability of budgetary support.

The Prime Minister has now instructed Mr. Ch. Khurelbaatar to coordinate progress on implementation. Minister of Finance S. Bayartsogt has been asked to arrange for adequate allocation for the work in the 2011 budget.