Regulatory Alerts2017-04-25
Rule Changes Proposed for the Use of Special Nominee Account by Foreign Bond Investors
The Financial Services Commission has proposed amendments to the Regulation on Financial Investment Business to allow foreign bond investors to use a special nominee account (SNA). This SNA would enable them to place aggregated orders for the purchase and sale of listed bonds. The special nominee account mechanism is already available to foreign stock investors.
Rule Changes Proposed for the Use of Special Nominee Account by Foreign Bond Investors
Date
2017-04-25
View
731
File
Special nominee account for foreign investors' trading of listed bonds_.pdf (fileSize: 132KB)
The Financial Services Commission has proposed amendments to the Regulation on Financial Investment Business that would provide for the use of special nominee account (SNA) by foreign bond investors to place aggregated orders for the purchase and sale of listed bonds. The SNA is already available to foreign stock investors.
List
Previously
New Legislation Proposed for Money Market
Next
Enhanced prudential standards proposed for specialized credit finance companies
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