All posts tagged "FSC"
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315EnforcementS. Korea Forms Special Unit to Investigate Unfair Trading
The squad comprises 16 special judicial police officers, one FSC public official and 15 FSS employees, tasked with handling unfair trading cases under the command of Seoul prosecutors.
July 19, 2019 -
327Fintech / Regtech
Korea to Enhance Transparency of Digital Bank Evaluations
The FSC has announced changes to the operational procedures of its evaluation committee for internet-only bank, amid plans to reopen applications for new licences on 10 October.
July 18, 2019 -
398Fintech / Regtech
FSC Korea to Resume Accepting Internet-Only Bank Applications
The FSC will once again start receiving applications for new internet-only banks in October, with a view to granting one or more new licences by year-end.
July 10, 2019 -
847Fintech / RegtechTaiwan Targets October Start Date for World’s First STO Rules
Fundraising through STOs will be capped at TWD300mn; individual investors will be allowed to purchase up to TWD300,000 worth of security tokens.
July 2, 2019 -
396Korea
S. Korea to Ease Rules for Brokerage, Asset Management Sectors
The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.
June 28, 2019 -
447Capital Regulation
FSC Announces S. Korea’s D-SIBs for 2020
The five bank holding companies and their subsidiary banks will be required to set aside additional common equity capital of 1% for 2020.
June 28, 2019 -
447Fintech / RegtechMirae Asset Daewoo to Launch Payments Business
The FSC lifted restrictions barring brokerage firms from entering the payments business last December. WeChat Pay will be used in Mirae Asset Daewoo's new payment gateway.
June 21, 2019 -
458KoreaFSC, FSS Agree to Audit KRX, Disagree on Scope
The FSS and FSC have agreed to conduct an audit of KRX by year end, though they disagree on its possible scope and comprehensiveness.
June 20, 2019 -
448FeatureKorea to Develop New Benchmark Interest Rate
The FSC and BOK have formed a task force to develop a new benchmark interest rate and improve the current method of calculating the existing benchmark.
June 19, 2019 -
533Korea
UPDATED – S. Korea Moving to Paperless Securities in September
South Korea's Cabinet has approved an ordinance to introduce an electronic securities system for all listed stocks and bonds from 16 September.
June 19, 2019
