• SK FIA proposed to revise Best practices for financial investment companies' securities lending and short selling processing, to unify transaction terms of lending services.

Proposed Revisions

• Set the repayment period of listed securities lending transactions for short selling purposes mediated by financial investment companies at within 90 days.
• The total repayment period, including extended period shall not exceed 12 months.
• A lender or borrower may request early redemption of loan securities; for a lender's request, a borrower shall deliver loan securities within three business days.

Consultation Period

• Comments to be submitted by 11 September for planned effectiveness from 1 November 2024.