Date Company/ Name Breach Conduct Disciplinary Actions
31 May 2018

• Mr Gankhuyag Chultemsuren, former executive director of IR Resources Limited 

• Director’s Undertaking

• Director’s failure to cooperate in the Exchange’s investigation


A director must comply with his Director’s Undertaking given to the Exchange that he will cooperate with the Exchange’s investigation and provide his up-to-date contact address for a period of three years from the date on which he ceases to be a director of the issuer.  The deemed service provision contained in his Director’s Undertaking states that the director acknowledges and agrees that documents and notices sent by the Exchange, including service of disciplinary proceedings, will be deemed to have been validly and adequately served on him at the last known address on the Exchange’s record.

Any sanction imposed on the director will be taken into account when the Exchange considers his suitability to act as director of an issuer listed or to be listed on the Exchange in the future.         



Public Censure of

• Mr Gankhuyag Chultemsuren

with a statement that Mr Chultemsuren’s conduct in this matter will be taken into account in assessing his suitability in the event that he should wish to become a director of an issuer listed or to be listed on the Exchange in the future.