Expand scope of asset-backed securities (ABS) to those acquired from Nov. 9, 2022 until Jun. 30, 2025, instead of until Dec. 31, 2024, which are subject to article 26e in appendix 5 re credit risk amount for payment, debt, purchase guarantee agreements.
However, the provision will not be applied to ABS maturing after Aug. 1, 2025.
Effectiveness
The revised Detailed regulations will be effective from Dec. 31, 2024.
Regulators
SK FSS
Entity Types
Inv Co
Reference
RF 12/13/2024
Functions
Actuarial and Valuation; Compliance; Financial; Legal; Operations; Risk
Countries
South Korea
Category
State
Products
ABS; Fund Mgt; Securities; Securitization; Structured Products
