The rollout of the regulatory update regarding banks' sales of ELS may be delayed from September towards the year-end.
South Korea's banks are eyeing the resumption of distributing equity-linked securities (ELS) to retail investors as the country’s financial authorities are revamping new regulatory measures, according to multiple sources familiar with the matter. The number of domestic banks’ dedicated branches for selling ELS is expected to increase to 30% of all locations based on the proposed new measures, sources said. This is up from five to 10% based on the current rule that the Financial Serv