In July 2018, the Financial Regulatory Commission of Mongolia (“FRC”), regulator of NBFIs, published a text of the draft Law of Mongolia on Non-Banking Financial Activities (“Draft Law”). The Draft Law is dated 13 June 2018 and posted on the FRC’s website (www.frc.mn). If and when adopted, the Draft Law is meant, to replace the 2002 Law on Non-Banking Financial Activities (“Current Law”). …