All posts tagged "FSC"
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184KoreaFSC Korea Mulls Relaxation of Five Percent Rule
Investors who own 5% or more of a listed company must disclose any ownership change within 5 days, a requirement that has prevented some institutional investors from exercising their voting rights.
May 23, 2019 -
261AML / KYC
FSC Korea Fines Four Brokers for False Name Accounts
South Korea's FSC has fined four local brokerages for holding accounts belonging to Samsung Group chairman Lee Kun-hee under other people's names.
May 17, 2019 -
326Capital RegulationKorea Delays Basel III for New Online-Only Banks
Only Basel I rules will apply for the first three years after launch. Basel III will be phased in from the fourth year onwards, including NSFR and the leverage ratio.
May 17, 2019 -
234Fintech / Regtech
Koscom to Open Robo-Advisory Testbed from 3 June
Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.
May 17, 2019 -
568Fintech / Regtech
S. Korea Accepts Eight More Fintech Sandbox Participants
The FSC has approved eight more fintech services for the regulatory sandbox, bringing the total number of approved companies to 26.
May 16, 2019 -
308EnforcementTaiwan Adviser Found Embezzling $4.8mn Over 14 Years
A Hua Nan Commercial Bank adviser allegedly withdrew money from client accounts and made loans in their names, before diverting the funds to a company operated by her relatives.
May 14, 2019 -
443Korea
Korea to Ease Data Barriers Within Financial Services Firms
In addition to easing information barriers within financial services firms, the FSC will also allow them to outsource their core businesses to third parties with as fintech startups.
May 13, 2019 -
422Korea
Korea to Ease Rules for Crowdfunding, Fund Management
The FSC plans to submit the bill easing crowdfunding and fund management regulations to the national legislature later this month, where it will be subject to further deliberation.
May 9, 2019 -
473Fintech / Regtech
S. Korea FSC Accepts Nine More Fintechs Sandbox Participants
Nine new fintech firms have been approved to enter the FSC's regulatory sandbox, bringing the total number of participating firms to 18.
May 3, 2019 -
478KoreaS. Korea Seeks Lower Barriers for Retail Investment in Derivatives
The KRX seeks to reduce the minimum account size required to open a derivatives trading account, and to ease compulsory training requirements for retail investors.
May 1, 2019
