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.
An Amendment Proposed to the Enforcement Decree of the Asset-Backed Securitization Act
Date
2018-09-19
View
6167
File
An Amendment Proposed to the Enforcement Decree of the Asset-Backed Securitization Act_.pdf (fileSize: 131KB)
The Financial Services Commission proposed an amendment to the Enforcement Decree of the Asset-Backed Securitization Act to set forth rules for determining the amount of monetary penalty that may be imposed for violation of the Asset-Backed Securitization Act.
List
Previously
Amendments Proposed to the Enforcement Decree of the Act on External Audit of Stock Companies
Next
Amendments Proposed to the Enforcement Decree of the Act on Reporting and Use of Certain Financial Transaction Information
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