Central bank to consider several of the measures mooted by head of science and technology department in March.
Exchange expects move to increase market volume by 2-3x.
Incoming President Moon Jae-in has argued FSC should be a regulator only.
New framework on licensing and conduct designed to increase wealth management channels.
Substitute compliance would encompass 7 jurisdictions including 3 in APAC
Securities law won’t be amended until October; firms asked to contact regulators if they cannot meet 1 July deadline.
The right regulatory framework and local expertise will be essential as new markets develop.
Five of 8 APAC jurisdictions covered in report have yet to legislate for Pillar 3 disclosure requirements.
Other new initiatives cover equity/commodity licensing unification; mutual fund purchases via e-wallet.
Exchanges told to adhere to regulations on securities, futures and forex; tighten AML controls.
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