On Jan. 23, SK FIA revised best practices for valuation of listed stocks.
SK FIA revised Best practices for risk management of financial investment companies.
Follows SK FIA Aug. 2024 proposed to revise re collateral evaluation, see #222891.
Overview of Revisions
Delete art. 3-17 para. 1, 2 on the evaluation method for listed stocks provided as collateral/deposits re credit transactions, which overlapped with upper regulations.
That is, article 4-26 of Financial investment business regulations, article 3-12 of Regulations on the business conduct and services of financial investment companies.
Present detailed examples of valuation of listed stocks provided as collateral/deposits in credit transactions, in order to clarify methods for calculating a collateral ratio.
Effectiveness
The revised Best practices will be implemented from Mar. 31, 2025.
Regulators
SK FIA
Entity Types
Inv Co
Reference
RF 1/23/2025; Reg, Nt 2024-55, 12/12/2024;
Functions
Actuarial and Valuation; Compliance; Financial; Operations; Risk
