The Financial Supervisory Service (FSS) plans to conclude the redress to investors involved in the Germany Heritage derivative-linked securities (DLS) case in 2019.
In a parliamentary audit today (11 October), Lee Bok-hyun (pictured) , the FSS governor since June 2022, said the regulator will complete the inspection into the troubled DLS , which was wrapped as a derivative-linked fund (DLF) and led to losses for retail investors in the second half of 2019, by year-end. The pledge follows public criticism that the financial watchdog failed to prevent regulatory breaches including fund fraud scandals and illegal short selling. The non-principal protected DLF
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