Tuesday, December 1, 2015

Law on Investment Fund

The purpose of this Law is to regulate matters regarding establishment of an investment fund, undertaking fund operations, protecting investor`s interests, and regulation and supervision of the fund operations by an authorized state organization.
This Law shall regulate matters related to granting special permits for [establishment of] an  investment fund, undertaking management of fund assets, taking into custody and registering fund assets, distribution of information to investors and relations related to operations by the securities market`s regulated legal entities which will provide services to an investment fund.
In other words, Law on  Investment Fund allows SMEs and companies to expand their businesses by attracting investment. On the other hand, it gives new chance for citizens to hold shares and to get a share of revenues from economic growth by receiving professional investment management system.
Full Law on Investment Fund is available on the website of Financial Regulatory Commission of Mongolia www.frc.gov.mn

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