As well as Regulations on financial investment business, in order to institutionalize unlisted stock and fractional investment distribution platforms, domestic stock fractional unit trading services designated as innovative financial services.
Follows SK FSC Sep. 2021 unveiled plans for domestic, foreign shares, see #115824.
Also follows SK FSC Mar. 2024 said five services were newly designated, see #205233.
Follows SK FSC May 2024 held meeting on venture business support, see #212120.
Enforcement Decree of Capital Markets Act
Establishes dedicated investment brokerage business license unit, business standards that investment brokers operating such distribution platforms must comply with.
Including trading method, establishment of a disclosure system, formulation of detailed operating standards to prevent unfair trade, prevention of conflicts of interest.
Expand the scope of investors eligible to trade specialized stocks on the unlisted stock trading platform to venture capital firms, venture funds, professional angel investors.
Grant transactions by small investors on the distribution platforms special treatment to submit simplified distribution disclosures instead of submitting sales securities reports.
Allow the Korea Securities Depository (KSD) to hold whole shares in trust and issue multiple beneficiary certificates, enabling investors to trade stocks in fractional units.
Financial Investment Business Regulations
Establish an investment brokerage business licensing unit, stipulate personnel requirements, business standards, unsound sales practices re distribution platforms.
Allow unlisted stock issuers to submit disclosure documents electronically to K-OTC.
Expand the scope of investment securities for which foreign central banks can appoint SK CB as standing agent to include foreign exchange stabilization fund bonds.
Securities Issuance Regulations
Expand the scope of investors eligible to trade specialized stocks on the unlisted stock trading platform to venture capital firms, venture funds, professional angel investors.
Grant transactions by small investors on the distribution platforms special treatment to submit simplified distribution disclosures instead of submitting sales securities reports.
Effectiveness
Comments to be submitted by Jun. 17 for planned effectiveness from Sep. 30, 2025.
Regulators
SK FSC; SK FSS; SK GVT
Entity Types
B/D; Corp; Depo; Inv Co
Reference
CP, Nt 2025-297, 2025-298, PR, 5/8/2025; Reg, Nt 2024-65, 12/31/2024; Reg, Nt 2025-8, 3/18/2025; Dec 35471, 4/22/2025;
