• FSC introduced measure to strengthen regulations on violation of short-selling rules.

Revisions

• The proposed revision establishes a new standard to impose penalties for illegal short-selling activities, raising the current imposition ratio by 5 to 15 percentage points.
• The government also established a regulatory basis to impose an additional penalty of up to 50 percent if the violation is found to have been involved in unfair transactions.

Effectiveness

• Revision will take effect in first quarter of 2020 following 17 October - 26 November notice period.