Regulatory Alerts2017-08-11
Amendments Proposed to Regulations on Supervision of Banking, Insurance, Mutual Financial, Mutual Savings Bank, and Specialized Credit Finance Businesses
The Financial Services Commission proposes amendments to supervision regulations governing banking, insurance, mutual financial, mutual savings bank, and specialized credit finance businesses. These regulatory updates implement the government’s August 2 housing market stabilization plan by curbing speculation and facilitating access for genuine home buyers. The revisions specifically modify the Enforcement Decree of the Act on Registration of Credit Business and Protection of Finance Users alongside updated insurance supervision rules.
Amendments Proposed to Regulations on Supervision of Banking, Insurance, Mutual Financial, Mutual Savings Bank, and Specialized Credit Finance Businesses
Date
2017-08-11
View
669
File
Amendments Proposed to Regulations on Supervision of Banking, Insurance, Mutual Financial, Mutual Savings Bank, and Specialized Credit Finance Businesses_.pdf (fileSize: 157KB)
The Financial Services Commission announced amendments to regulations on supervision of banking, insurance, mutual financial, mutual savings bank, and specialized credit finance businesses as a follow-up to the government’s August 2 plan to curb speculation in the housing market and help genuine potential home buyers.
List
Previously
Amendment Proposed to the Enforcement Decree of the Act on Registration of Credit Business, etc. and Protection of Finance Users
Next
Amendments Proposed to Regulations on Supervision of Insurance Business
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