Paper
Banking Law of Mongolia
Law regulating licensing of banks, revocation of licenses and establishment of general principles
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The purpose of this law is the licensing of banks, the revocation of licenses, the establishment of general principles of management organization and banking activities, and the regulation of relations concerning the enforcement to the bank.
The document is comprised of chapters:
- Chapter one: General provisions;
- Chapter two: Banking activities;
- Chapter three: Licensing of Banks;
- Chapter four: Banking Management, Structure and Organisation;
- Chapter five: Penalties and Other Enforcement;
- Chapter six: Imposition of Conservatorship on Banks;
- Chapter seven: Receivership of Banks;
- Chapter eight: Liabilities.
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