According to the provision 20.1.6 of Securities Market Law and Accounting Law, a securities issuer shall have an obligation to submit to the stock exchange half-yearly financial reports by July 20th of each year. However, as of July 25, 2017, only 35 issuers out of 220 have submitted to the MSE their reports.
As the submission deadline has been extended by the Ministry of Finance until July 28, 2017, MSE hereby warns the issuers to submit their half-yearly financial reports within the allowed extension period.
In case of failure to fulfil the legal obligation within the stated period, MSE shall inform the public and the FRC of the breach and may impose measures stated in the FRC Regulation on Information Disclosure, related MSE rules and regulations and Listing Agreement for the repeated breaches.
MONGOLIAN STOCK EXCHANGE