FSC: The separate deposit obligation for foreign currency investors’ deposits is strengthened – Revision of the “Financial Investment Business Regulations”

News Corporate Finance & M&A Law & Policy Updates

Date: 11th Dec, 2024 Source: Financial Services Commission Country: South Korea Original Source

Brief

"On December 11, 2024, the Financial Services Commission issued an update regarding FSC: The separate deposit obligation for foreign currency investors' deposits is strengthened - Revision of the "Financial Investment Business Regulations"". This revision aims to enhance the protection of foreign currency investor deposits by increasing the mandatory deposit requirement to 80% for US dollar investments and 50% for Japanese Yen investments, effective from December 19, 2024."

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FSC: The separate deposit obligation for foreign currency investors’ deposits is strengthened – Revision of the “Financial Investment Business Regulations”

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FSC: The separate deposit obligation for foreign currency investors’ deposits is strengthened – Revision of the “Financial Investment Business Regulations”

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Financial Services Commission

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