Representatives of Mongolian Stock Exchange JSC held meeting with officials of FTSE Russell London

Oyundelger 2017-04-25 02:04

Economy

Mongolia was placed on the Frontier Market Watch List in 2012 for possible inclusion in the classification.

Representatives of the Mongolian Stock Exchange JSC held a meeting with officials of FTSE Russell London during the Mongolia London Business Forum organized in London. Mongolia was placed on the Frontier Market Watch List in 2012 for possible inclusion in the classification, however FTSE Russell has informed its intention to remove Mongolia from the Watch List due to the limited progress over recent years against the outstanding criterion requirements, as reported previously. In order to remove the obstacles to meet the criteria for Frontier Market status, MSE is actively working towards the re-adoption of the T+3 settlement cycle and the introduction of Delivery versus Payment (DvP) mechanism. During the meeting with FTSE Russell, MSE representatives requested their consideration for retaining Mongolia on the Watch List at the September 2017 Annual Review and voiced the commitment to adopting an action plan for meeting the criteria and continuously reporting the progress of its implementation.