Legal framework:
Foundation:
- In 2003 Mongolian Securities Clearing House and Central Depository Co., Ltd was established.
- In 2016 company was re-established as current entity of Mongolian Central Securities Depository Co.. Ltd (MCSD)
Legal:
- Compay Law of Mongolia (October 6, 2011)
- Securities Law of Mongolia (May 24, 2013)
- Asset backed Securities Law of Mongolia (April 23, 2010)
- Anti-Corruption Lw of Mongolia (July 8, 2006)
- Mongolian Law on Combating Money Laundering and Terrorism Financing (May 31, 2013)
Management:
Lkhagva Shagdar – CEO of Mongolian Central Securities Depository
Education:
- 2005 – Master degree in Business Administration, Mongolian Academy of Management
- 1999 – Bachelor degree in Economics and Business, Yokohama National University
- 1991 – Bachelor degree in Education, Mongolian National University of Training
Work experience:
- May 2016 – present : CEO of MCSD
- May 2013 – 2016 : Manager of Finance and Administration Department, MCSD
- July 2000 – 2013 : Executive Director, Mongol Kaze Travel Co., Ltd
- Aug 1995 – 2000 : Manager, New International Co., Ltd
- July 1985 – 1995 : Instructor, Mongolian Pedagogical College
Ownership structure:
Mongolian Central Securities Depository (MCSD) is a for profit company with 100% shareholder of Ministry of Finance.
Main functions:
- Securities depository
- Ownerhip transfer
- OTC transactions; clearing, settlement, transfer
- Custodian services
- Dividend, interest, principal processing
- Provision of ISIN
International cooperation:
Member of:
- Asia-Pacific Central Securities Depository Group (ACG)
- Association of Eurasian Central Securities Depositories (AECSD)
- Association of National Numbering Agencies (ANNA)
MoU with:
- Korean Securities Depository (KSD)
- National Settlement Depository (NSD)
- Taiwan Depository & Clearing Corporation (TDCC)
- Japan Securities Depository Center, Inc. (JASDEC)