Ulaanbaatar
Financial Regulatory Commission grants operational licenses to some NBFI
EconomyUlaanbaatar /MONTSAME/ At its meeting on Wednesday, the Financial Regulatory Commission granted operational licenses to six non-banking financial institutions with the minimum amount of share capital of MNT 800 million.
The non-banking financial institutions have submitted their documents to FRC before setting the minimum amount of share capital at MNT 2.5 billion.
In March 2016, the Financial Regulatory Commission cut the threshold amount to MNT 800 million.
