Events listed in Financial Investment Services and Capital Markets Act (FSCMA)
Provision of Corporate Disclosures in English from 2024 to Enhance Information ...
ID 26353
The FSC recently unveiled plans to enhance foreign investor access to Korean capital markets. Starting 1 January 2024, major KOSPI-listed companies are mandated to provide English disclosures on material information within three business days of filing Korean disclosures with the KRX. This marks the initial phase of a comprehensive initiative announced in January to improve foreign investor access. The English disclosure requirement will unfold ...
Investing in Domestic Capital Markets Made Easier for Foreign Investors
ID 26231
The Financial Services Commission has disclosed a series of measures aimed at improving foreign investors‘ access to domestic capital markets, effective from 14 December 2023. The reforms involve the elimination of the foreign investor registration requirement, enabling investors to open accounts using an LEI or passport number without prior registration. Existing foreign investor registration numbers will still be valid, minimizing disruption. Additionally, **amendment ...
Revised Guidelines on Corporate Governance Disclosure
ID 25407
The FSC published the Revised Guidelines on Corporate Governance Disclosure, which require listed companies to disclose their compliance with core principles of corporate governance and explain the reasons for non-compliance. The guidelines were introduced in 2017 and became mandatory for KOSPI-listed companies with total assets of KRW1 trillion or more in 2022. The **scope of mandatory filing will be expanded to KOSPI-listed companies with ...
Enhanced Transparency and Investor Protection Measures on CFD Transactions to Take ...
ID 24794
The FSC has notified of new rules for CFD, as announced in Mai 2023 (please see eventid=21594). 1. More transparent information to investors For CFD, the Korean Exchange trade data system (data.krx.co.kr) will display information on the investor type: individual, institution or foreign investor. Additionally, information on CFD balances will be available as a reference for investment on freesis.kofia.or.kr – a website operated by ...
Authorities Plan to Overhaul Rules on CFD Trades while Restricting New Transactions ...
ID 23470
The FSC, in collaboration with the FSS, the KRX, and the KOFIA, has announced a comprehensive set of regulatory measures to fortify the trading of CFDs. The measures were unveiled at a meeting held on 26 May 2023 and include: 1. Boosting Transparency: The authorities will enhance clarity around CFD investment information, with a focus on the real types of CFD investors and their ...