Regulatory Alerts2017-06-22
Amendments Proposed for the Financial Investment Services and Capital Markets Act
The Financial Services Commission proposed amendments to the Financial Investment Services and Capital Markets Act to reduce compliance burdens for securities issuers while maintaining investor information requirements. The revisions enhance investor protection by imposing damage liability on issuers making false or misleading statements in small public offerings and on credit rating companies providing defective ratings. These regulatory adjustments streamline market operations and strengthen accountability across capital market participants.
Amendments Proposed for the Financial Investment Services and Capital Markets Act
Date
2017-06-22
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Amendments Proposed to the Financial Investment Services and Capital Markets Act_.pdf (fileSize: 156KB)
The Financial Services Commission (FSC) proposed amendments to the Financial Investment Services and Capital Markets Act to help reduce the compliance burden of securities issuers without compromising investors’ needs for information. The proposed amendments also give enhanced protection to investors by holding securities issuers making a false or misleading statement in their small public offerings and credit rating companies engaged in defective rating liable for damages.
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Enhanced prudential standards proposed for specialized credit finance companies
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Amendments Proposed to Regulations on External Audit and Accounting
Department/Division in charge of Information management
Department/Division In charge
International Affairs Department(Financial Hub Korea) International Cooperation Team
Phone Number
+82-2-3145-7895