According to the Article No.: 7.1.3, 7.1.4 of “Membership Regulation” of Mongolian Stock Exchange, securities member company shall pay annual membership fee and supply of service fee within first 10 days in every quarter. There are 27 securities companies that failed to follow their obligations.
If securities company that failed to follow obligations that stated in the Article No.: 4.4 of “Partnership Agreement”, based on provision No.: 232.6 of “Civil Law of Mongolia”, 0.5 percent of the daily value in every overrun days will be deducted as a undue loss. MSE is warning that the rights to participate trading will be suspended from 10 May 2015 for those securities companies.
List of securities companies that failed to follow obligations:
1. ABGYa LLC
2. I Trade LLC
3. Argai best LLC
4. Baga Kheer LLC
5. Bats LLC
6. BBSS LLC
7. Black Stone LLC
8. Bulgan Broker LLC
9. Global Asset LLC
10. Goviin Noyon Nuruu LLC
11. DCF LLC
12. Dogson
13. Delgerkhangai LLC
14. ZGB LLC
15. Zous Capital LLC
16. Lifetime Investment LLC
17. Mongol Securities LLC
18. Monet Capital LLC
19. Novel Investment LLC
20. National Securities LLC
21. Prevalent LLC
22. Sanar LLC
23. Tavantolgoi Khishig LLC
24. Finance Link Group LLC
25. Frontier LLC
26. Hunnu Empire LLC
27. FCX LLC
Marketing and Public Relations Department
MONGOLIAN STOCK EXCHANGE
MONGOLIAN STOCK EXCHANGE