S Korea – FSS Short Selling Guide Proposal

S Korea – FSS Short Selling Guide Proposal

On 13 June 2024, SK FSS proposed guidelines and checklist on short selling.

  • Guidance includes Internal control guidelines on short selling, Guidelines on internal position management systems, as well as Checklist for short seller review.
  • Follows SK FSC, FSS June 2024 extended short sale ban until March 2025.

Administrative Guidance

  • Prescribes internal control and internal position management systems that a corporation that wishes to submit a short selling order must have in place.
  • Presents matters to be checked by securities houses entrusted with short sale orders when inspecting consignors' internal control, internal position management systems.

Consultation Period

  • Comments shall be submitted by 3 July 2024.