Amendments to Banking Act of Mongolia seek to introduce important reforms to both the banking sector and the securities market

Publications Amendments to Banking Act of Mongolia seek to introduce important reforms to both the banking sector and the securities market

Amendments to Banking Act of Mongolia seek to introduce important reforms to both the banking sector and the securities market

March 9, 2021

On January 29, 2021, the Parliament of Mongolia approved amendments to the 2010 Banking Act of Mongolia. These Amendments introduce potentially sweeping reforms not only to the banking industry, but also to the Mongolia’s stock market. The attached summary highlights some of the key features of the Amendments.

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