Korea

The extension is primarily being allowed to ensure regulators can process applications received before the 24 September deadline.

The application deadline for pre-workout programmes was due to end at the end of this month. This will be extended to 31 December.

Large securities firms will be allowed to extend credit to overseas branches and subsidiaries in which they have at least a 50 percent stake.

The central bank is considering a possible increase in its policy rate and a normalisation of monetary policy this year.

KRX has amended its OTC derivatives clearing and settlement rules to provide the legal basis for the introduction of trade compression services.

This first time the FSC has granted approval for digital insurance business to a new entrant that is not already an insurer.

Proposed revisions set the common contribution rate at 0.03 percent of the balance of household loans for each financial institution.

With the final approval, Toss Bank will officially launch as early as September, making it the third internet-only bank in the country.

The meeting focused on the operational difficulties faced by firms as they try to meet new regulatory requirements by a 24 September deadline.

The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.