MSE DRAFTS ACT ON REGULATIONS OF FUTURES AND OPTIONS EXCHANGES

Ulaanbaatar /MONTSAME/ As a preparation for conducting Futures and Options exchanges contracts, the Mongolian Stock Exchange is developing a draft act on regulations of these exchanges, in compliance with global standards. Mongolia does not have a Central Counterparty Clearing, a main professional organization for the Futures and Options exchanges. So, in accordance with the strategic partnership agreement with the London Stock Exchange inked this September 9, the latter will give professional assistance on establishing this organization in Mongolia. MSE plans to run the draft act presenting discussions themed "Financial Risk Management and Contract FX", with ten public and 20 private entities, starting from October 1. The discussions already ran at state-owned “Mongolian Post” and “The fourth Thermal Station” companies on Wednesday.