FRC has approved to issue an asset-backed securities to the “MIK Active 9” LLC

Financial Regulatory Commission has permitted special license to the people to execute operation of delegations of three insurance companies.

Financial Regulatory Commission discussed four issues of securities sector out of which FRC has granted special license of operation to issue an asset-backed securities to the “MIK Active 9” LLC and registered an asset-backed securities of the company.

According to the information of FRC, currently 106 companies operate in securities sector and 127 companies and 2514 people operates in insurance sector. Also, 540 entities and 279 savings and credit cooperatives operate in the sector of non-bank financial institution.

Source: bloombergtv.mn