Wednesday January 10 2024
News Source: Global Exchanges
Focus: Stock Exchange Regulation
Type: General
Country: International
The Mongolian Stock Exchange (MSE) announced that board of Directors has developed and approved the new “Regulation for registration of exchange-traded funds” on December 7th, 2023. The regulation was approved on January 5th, 2024, by the Head of the Financial Regulatory Commission and mandated to follow it from the same date.
This new product aims to provide investors with the return of securities included in the index portfolio of the exchange and is characterized by ensuring that the market price of the fund’s units is as close as possible to the fund’s net asset value, with the participation of brokers selected as professional participants.
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