During a meeting of the Financial Regulatory Commission on April 11, 2025, amendments were made to the "Regulation on Securities Registration," "Regulation on Debt Registration," and the "Regulation on Over-the-Counter Market Operations" to lower the criteria for issuing securities by TOP 100 entities on both stock exchange and non-stock exchange markets, whether publicly or privately, and to simplify their registration process.

For instance, among the TOP 100 companies:

• No asset valuation needed for public share offering;
• A decision will be made within 10 working days after the request for registration of shares and bonds to be offered to the public is reviewed and registered through a simplified procedure.
• For the issuance of bonds with a maturity period of up to one year and a total amount not exceeding 5 billion tugriks, in both open and closed frameworks:
  - Require no collateral or guarantee;
  - No need for a contract with an underwriting company.

     This initiative will foster a conducive regulatory environment for large domestic companies to secure capital through public offerings or private placements in the financial markets. It will enable these entities to expand their operations while enhancing profitability, reputation, and governance standards. Consequently, this advantage will attract further investments from both foreign and domestic sources, positively influencing the growth of the capital market and the overall economy.