On 7 December 2023, SK FSC proposed revisions re capital markets investigation.
- SK FSC proposed revisions to the Regulations on the capital markets investigation.
Revisions
- Where a reporting duty such as on substantial shareholding is intentionally violated, resulting in material consequences, a penalty surcharge will be imposed in principle, as in the case of violating the disclosure duty or illegal short selling.
- If necessary, coupled with reporting to or notifying an investigative agency.
Consultation Period
- Comments shall be submitted by 27 December 2023.