Parliament has discussed and passed the proposed draft laws on the Investment Fund, related amendments into the Entity and Organization Income Tax Law, laws on companies and the Stock Market Law and Innovation Law during Thursday’s regular session meeting.

MP B.Garamgaibaatar introduced the summaries produced by the Standing Committee on Economy.

The Standing Committee meeting held the final discussion of the proposed draft laws summarizing the wording and principal changes as a result of a poll during the first discussion at the session meeting.

According to the Investment Fund law, two different Investment Funds are available: a Mutual Investment Fund and a Private Investment Fund.

The activity period of an Investment Fund should be up to 10 years no matter the type of Investment Fund.