The increased investor assessment and the change in product description order for high-difficulty financial investment products are among regulator’s targets.
South Korea's Financial Services Commission (FSC) will conduct a legislative notice to strengthen the sales assessment process of ‘high-difficulty financial investment products’, including equity-linked securities (ELS), to prevent mis-selling cases. According to a statement issued on Monday (14 July), the regulator’s new amendment highlights that financial institutions must reflect ‘all six’ essential confirmation information – which comprises the purpose of