Mongolian Stock Exchange (MSE) "Closed-end Fund Listing Rules" was approved by the MSE Board of Directors Resolution no.2019/07 dated 28 June 2019 and by the FRC Resolution no.537 dated 13 November 2019. MSE organised a seminar to provide detailed information about the newly approved rules to the market participants such as the asset management companies and securities firms.  

"Closed-end Fund Listing Rules" has special importance in that it creates the opportunity for closed-end investment funds to be listed on the MSE and be publicly traded while providing professional fund management services to the investors, channelling a significant portion of their assets under management to the local stock market, and forming the basis of the much-needed long-term institutional investor in the market.   

The seminar covered the main concepts and international practices related to the listing and trading of closed-end funds as well as the listing procedure by the FRC and MSE and the ongoing obligations as a listed fund.