Rep. Kim, a member of the National Assembly's National Policy Committee, said on the 11th that she had led the proposal of a 'partial amendment bill to the Financial Investment Services and Capital Markets Act' containing these provisions.
The amendment focuses on establishing a legal basis for the Financial Services Commission to swiftly adjust the multiple of leverage products when market volatility expands sharply, such as during an abrupt stock market swing
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The amendment newly creates a basis on which the Financial Services Commission may order an adjustment of the leverage multiple for a set period, according to market conditions, for products whose leverage multiple exceeds one time. Specifically, it allows the Commission, under requirements set by presidential decree, to order a lowering of the ceiling on the ratio of risk-evaluated amount to the total assets of a collective investment scheme, within a maximum of 180 days.
Procedural exceptions were also prepared so that the Commission's adjustment order can be carried out swiftly. When a collective investment business operator adjusts the multiple under the Commission's order, some procedures under current law, such as holding a general meeting of beneficiaries, will not apply.
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So a bill has actually been proposed
▶ Original source: https://news.nate.com/view/20260811n31146
▶ Original source: https://news.nate.com/view/20260811n28612
