A working group set up by the Prime Minister has prepared a
list of measures to be implemented to develop the securities market. The
measures are aimed at improving the legal environment to put in place a
medium-term plan for a securities market with centralized administration. Some
of these will be implemented in 2011 and the rest in 2012, depending on the
availability of budgetary support.

The Prime Minister has now instructed Minister
Ch.Khurelbaatar to coordinate progress on implementation. Minister of Finance
S.Bayartsogt has been asked to arrange for adequate allocation for the work in
the 2011 budget.