Regulatory Alerts2018-09-19
Amendment to the Enforcement Decree of the Asset-Backed Securitization Act
The Financial Services Commission proposed an amendment to the Enforcement Decree of the Asset-Backed Securitization Act that establishes standardized rules for calculating monetary penalties. This revision clarifies the penalty assessment framework applicable to violations of the primary securitization legislation. The updated decree will enhance regulatory consistency and deter non-compliance within asset-backed financial transactions.
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