Clarification
The Amendment is stated to
be effective from 19 April 2013.
The Amendment recasts Article 4.7 of the SFI Law by
stipulating Parliament as the approval authority only in
those transactions where a non-Mongolian state-owned
enterprise acquires more than 49% of the issued shares of
a Mongolian company. The Amendment removes
investments by foreign private investors from the scope of
Parliamentary approval and deletes the MNT 100 billion
threshold in its entirety.