Mutual fund establishment and licensing procedure has been approved

May 25 • Featured, Finance, News • 4549 Views • No Comments on Mutual fund establishment and licensing procedure has been approved

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Mutual_Funds_Signature

Financial Regulatory Commission of Mongolia has approved the “Mutual investment fund establishment and licensing procedure” on 21st of May. The document will regulate and coordinate the implementation of Mutual Investment Fund Law that become effective on 1st of January, 2014. It will enable foreign and local companies to attract investment to their funds through specialized financial companies raising capital from the public. Also, the funds will be exempted of operation tax which FRC believes that a major support on developing such funds and thus financial market of the country.

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

« »