All posts tagged "FSC"
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218EnforcementFSC Korea to Lower Derivatives Mis-selling Fines for Woori, KEB Hana
The FSC will impose lower penalties than what was recommended by the FSS, citing the two banks’ cooperation and their agreements to compensate clients for damages.
February 17, 2020 -
288Fintech / RegtechS. Korea FSC to Educate Market New Data Usage Rules
Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.
February 17, 2020 -
309EnforcementHK SFC Fines Wealth Manager for Noncompliance with Taiwan Laws
Capital Global Management Limited was distributing offshore investment funds and offering investment advice in Taiwan despite not being authorised by Taiwan's regulator.
February 17, 2020 -
411Enforcement
Korea to Strengthen Regulatory Framework for Hedge Funds
The FSC will cap illiquid investments at 50% for open-ended funds, require them to conduct regular stress tests, raise transparency of complex fund structures, and enhance supervisory monitoring.
February 15, 2020 -
186Fintech / RegtechS. Korea’s KakaoPay Green-lit to Offer Brokerage Services
The FSC has granted final approval to KakaoPay allowing it to acquire Baro Investment & Securities and enter the brokerage services space.
February 10, 2020 -
327Enforcement
FSS Reprimands Woori, Hana Chiefs for Derivatives Mis-Selling
The FSS is also recommending a 20-billion-won penalty be imposed on both banks, and for some of their operations to be suspended for six months.
January 31, 2020 -
335Fintech / Regtech
S. Korea: P2P Lending Law to Take Effect in August
The FSC is seeking comment on a draft enforcement decree setting out entry requirements, operating rules and investor protection measures for the P2P lending sector.
January 29, 2020 -
280KoreaKRX to Ease Listing Requirements for Startups
An existing fast-track process for promising startups to list on the KOSDAQ market will be extended to the main KRX bourse in 2020.
January 24, 2020 -
273Korea
FSC Korea Eases Five Percent Rule in Support of Shareholder Rights
Reporting requirements are being eased for investors seeking to exercise shareholder rights in relation to corporate governance, executive pay and dividend policy.
January 23, 2020 -
335Fintech / Regtech
S. Korea to Launch Financial Data Exchange in March
The exchange will match buyers and sellers of financial data and facilitate the use of big data analytics to improve product development in the financial industry.
January 22, 2020
