(Summit 6th ordinary meeting of the Government of the People of the Autonomous Region of Mongolia, held on 24 June 2010 to consider the adoption of Decree No. 172 of 6 July 2010 by the Government of the people of the Autonomous Region of Mongolia, effective 1 August 2010)

Article 1 establishes this provision in the light of the laws, regulations, etc. of the People's Republic of China price law, in order to regulate price monitoring and the authenticity, accuracy and timeliness of price monitoring data and conditions.

Article 2 refers to price monitoring referred to in this Article, which refers to activities undertaken by the Government's price authorities at the flag level to collect, investigate, analyse, forecast, early warning, and publish changes in the prices and costs of important goods and services.

Article 3.

Article IV Government price authorities responsible for price monitoring in the current administration area, and their respective price monitoring bodies are responsible for the implementation of price monitoring.

The relevant sectors of the Government of the people at the flag level, within their respective responsibilities, are closely monitored by price authorities.

The units and individuals involved in price monitoring should be synchronized with the Government's price authorities' price monitoring, in real, accurate and timely delivery of price-monitoring data, and the right to reject price monitoring by price authorities and their price monitoring staff in violation of price monitoring requirements.

Article 6. Governments of more people at the flag district level should strengthen their leadership in price monitoring and support the building of price monitoring.

The Government's price authorities at the flag level should establish a price monitoring network system to strengthen the production, processing, transmission of equipment and networking technology for price monitoring.

The requirements for price monitoring are included in the same fiscal budget.

Article 7

Article 8. The Government's price authorities in the self-government area should establish a system of price monitoring in the self-government area, in line with the relevant provisions of the national price monitoring reporting system, to determine price monitoring projects, standards and monitoring cycles.

The Government's price authorities at the flag level, in line with the requirements of the self-government sector price monitoring reporting system, may complement price monitoring projects and standards in the context of the current administrative region and report back to the top-level price authorities.

Article 9. Price monitoring is based on targeted monitoring and conducts special price surveys for specific goods and services prices; emergency price monitoring occurs when there is a major disaster or other unforeseen circumstances.

Article 10 The price monitoring point should be in line with the following conditions:

(i) The price monitoring data sent can reflect the price level of locally shared commodities or services;

(ii) Compliance with price laws, regulations and credibility;

(iii) There is the necessary price to monitor data collection, delivery means;

(iv) Other conditions under the price monitoring system.

Article 11. The Government's price authorities at the flag district level should issue price monitoring points for designated price monitoring units.

For reasons such as production and changes in business patterns, price monitoring data cannot be provided in a timely and accurate manner, and price authorities should recover the price monitoring point signs and designate separate price monitoring points.

The price monitoring point is marked by a combination of government price authorities in the self-government area.

Article 12 Price monitoring point units should not be delayed, falsely, concealed, refused or forged, storing price monitoring data, in accordance with the content of the price monitoring system and the time-consuming inspection data.

Article 13. The price monitoring point unit should establish a sound price monitoring internal management system that determines a dedicated or part-time acquisition, posters and is responsible for the collection, delivery and archiving of data on the unit's price monitoring.

Article 14. The Government's price authorities at the flag district level should guide and assist price monitoring units in the implementation of the relevant price monitoring, provide them with adequate financial support and carry out operational training for requisitioners and bidders.

Article 15. Government price authorities at the flag level should review, verify and ensure that price monitoring data are true and accurate.

Article 16 Monitoring staff at the prices of the Government's price authorities at the flag district level should receive training in expertise and, after the examination of price monitoring certificates issued by the competent government price authorities of the self-government, the parties may engage in price monitoring.

The price authorities of the Government of the above-mentioned population at the flag district level monitor staff members' prices when investigating, collecting price monitoring data, and should present price monitoring certificates and be conducted in accordance with the content, criteria, methods, time and procedures set out in the price monitoring reporting system.

More than 18 per cent of the Government's price authorities should establish price monitoring early warning mechanisms to establish emergency price monitoring scenarios.

In cases where significant prices of goods and services in this administrative region have been disproportionately fluctuated, price authorities should initiate early-warning mechanisms for price monitoring, implement emergency price monitoring, report on time to the current people's Government and the superior price authorities and make recommendations for response.

More than 19 per cent of the Government's price authorities should establish a price-monitoring system for early warning and emergency price monitoring and establish 24 hours of duty telephones.

Article 20, when the prices of important goods and services in the present administration resume their normal positions, the price authorities should promptly lift the price monitoring of early warning and emergency price monitoring measures.

Article 21, the Government's price authorities at the flag level may conduct special price surveys against specific goods and services prices in accordance with market conditions.

In the case of emergency price monitoring and special price surveys conducted by the Government's price authorities at the flag district level, the relevant units and organizations could be designated as temporary price monitoring units and requested that they submit price monitoring data in accordance with Article 12 of this Article.

Article 23 Government price authorities at the flag district level should regularly report price monitoring and price situation analyses to the current Government and the parent price authorities and transmit them to the relevant sectors.

The price monitoring and price situation analysis report should include the following:

(i) Overall market prices in the region;

(ii) Changes in prices of goods and services and their costs, and market demand;

(iii) Prospects and trends of price changes in goods and services monitored or early warning;

(iv) Response measures and policy recommendations.

Article 24 Government price authorities at the flag district level should make available to society information on the monitoring, early warning of important goods and services prices in the present administration.

It is a State secret, commercial secret and non-public price monitoring, early warning information under the law, that cannot be made available outside the Government's macro-regulation and price work.

Article 25

(i) Failure to organize price monitoring efforts as prescribed;

(ii) Not subject to price monitoring, standards, methods, time and procedures;

(iii) Monitoring information on prices that fall within the State's secret, commercial secrets for any other purpose other than the Government's macro-controlled and price monitoring;

(iv) Other abuses of authority, omissions, provocative fraud.

Article 26 Price monitoring units or temporary price monitoring units are lately reported, overstatements, refusals or forfeitures, and forfeitures of price monitoring data are converted by the Government's price authorities at the flag level; in the event of severe penalties of up to 1000.

Article 27