SK FSS Duty to Explain and Confirm

Published on: Apr 23, 2025

On Apr. 17, SK FSS proposed rules re investment dealers and brokers.

  • SK FSS proposed revisions to Detailed regulations on issuance, public disclosure, etc. of securities, to reflect SK FSC proposals to revise the relevant upper regulations.
  • Follows SK FSC Feb. 2025 proposals re determining backdoor listing, see #242357.
  • Proposed Amendments
  • Involve bringing debt securities issued by global entities within the scope of prior explanation, confirmation obligation for investors on investment dealers and brokers.
  • Specifying details of what investment trading and brokerage firms associated with such debt securities must explain and provide to investors prior to investing.
  • Effectiveness
  • Comments on the public consultation should be received by May 7, 2025.
Regulators
SK FSS
Entity Types
B/D
Reference
CP 4/17/2025; Reg 4/1/2021;
Functions
Compliance; Financial; Legal; Reporting; Sales Practices
Countries
South Korea
Category
State
N/A
Products
Fixed Income; Securities
Rule Type
Proposed
Regions
AP
Rule Date
Apr 17, 2025
Effective Date
May 7, 2025
Rule ID
251604
Linked to
Reg. Last Update
Apr 17, 2025
Report Section
International