SK FIA Agreement re Alternative Trading

Published on: Feb 10, 2025

On Feb. 7, SK FIA revised agreements re trading in Nextrade's market.

  • SK FIA revised Agreements on loan transactions of securities and margin transactions, enacted Agreement on opening trading accounts for alternative trading participants.
  • In accordance with SK FSC's permission on Nextrade investment brokerage business.
  • Follows SK FSC Feb. 5, 2025 said launch of Nextrade was approved, see #242664.
  • Key Revisions
  • Add trading in the market opened by Nextrade to the application scope of agreements.
  • Reflect best execution obligations to be complied by companies and Nextrade-related regulations in the provisions with which companies and customers must comply.
  • Effectiveness
  • The revised agreements will be implemented from Mar. 4, 2025.
Regulators
SK FIA
Entity Types
B/D; Inv Co
Reference
RF 2/7/2025
Functions
Compliance; Financial; Operations; Sales Practices; Trading
Countries
South Korea
Category
State
N/A
Products
Deposits; Fund Mgt; Securities; Short Sale; Stock Lending
Rule Type
Final
Regions
AP
Rule Date
Feb 7, 2025
Effective Date
Mar 4, 2025
Rule ID
242900
Linked to
Reg. Last Update
Feb 7, 2025
Report Section
International