Regulatory Alerts2018-03-09
Added · Updated
Proposed Amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act
The Financial Services Commission proposes amendments to the Enforcement Decree of the Financial Investment Services and Capital Markets Act to subject crowdfunding to relevant provisions and open it to businesses excluding financial firms, insurance providers, real estate businesses, and entertainment establishments. The proposal also shortens the period for recognizing compliance with minimum capital requirements for investment advisory and discretionary investment service companies from one year to six months, with calculations determined at the end of each month instead of the end of the year. The public comment period for these proposed rule changes ends on April 18, 2018.
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