The first meeting of the Policy Council of Securities Market (hereinafter “Council”) was held on 20 May 2022.

A regular meeting of the Financial Regulatory Commission (FRC) was held on 13 May 2022, and a total of 42 issues were discussed and resolved.

As digital transition is being introduced in all business areas, activities in the insurance sector are also getting digitalized.

On 18 May 2022, D. Bayarsaikhan (Chairman, FRC) met with Seok Hyun Yoon (Resident Representative, International Monetary Fund).

The Financial Regulatory Commission (FRC) is responsible for reporting annually to the Parliamentary Standing Committee on Economic Affairs. Accordingly, D. Bayarsaikhan, (Chairman, FRC), permanent member, head of the FRC’s Secretariat and directors of relevant departments of the FRC, discussed and summarized the Commission’s 2021 Annual Report in the meeting of the Standing Committee on Economic Affairs on 19 April, 2022.

The Financial Regulatory Commission (FRC) is actively working on anti-money laundering and combating the financing of terrorism. The Commission is also undertaking measures in identifying and mitigating risks, conducting risk-based supervision, and implementing FATF’s recommendations and standards.

The Financial Regulatory Commission (FRC) is the government agency responsible for ensuring the stability of financial markets, regulating financial services, and protecting the interests of investors and customers.

Chairman of the Financial Regulatory Commission, Mr. Bayarsaikhan held meeting with Mark Koenig, who is country representative of Asia Foundation in Mongolia.

D.Bayarsaikhan (Chairman of the Financial Regulatory Commission) met Ms. Xiaoqin Fan (Director, Public Management, Regional Cooperation, and Financial Sector Division, East Asia Department), Ms. Edith Joan Nacpil (Senior Economics Officer, EAPF) and other ADB representatives. During the meeting, two sides exchanged views on the current status of active projects, and future possibilities of technical assistance (TA) projects and grants.

The Financial Regulatory Commission (FRC) is actively working on anti-money laundering and combating the financing of terrorism. The Commission is also undertaking measures in identifying and mitigating risks, conducting risk-based supervision, and implementing FATF’s recommendations and standards.