Regulatory Alerts2017-01-05
Added · Updated
Proposed Amendments to Enforcement Decree of the Financial Investment Services and Capital Markets Act
The Financial Services Commission proposes allowing investment banks with equity capital above certain levels to offer short-term financing and investment management account services. Companies trading on the Korea over-the-counter market are exempted from filing registration statements, while underwriters in IPO syndicates are held liable for false information alongside lead managers. Additionally, an exemption from share ownership limits is granted for mergers involving Korea Exchange shareholders, with voting rights for excess ownership restricted.
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