Enforcement Rule of the Financial Investment Services and Capital Markets Act

This is a complete English translation of Korea's Enforcement Rule of the Financial Investment Services and Capital Markets Act (자본시장과 금융투자업에 관한 법률 시행규칙), the Prime Minister's Ordinance that sits beneath the Act and its Enforcement Decree and prescribes the detailed procedural matters delegated to it.

What this Rule covers

• Periods excluded from examination for authorization, preliminary authorization, and registration
• Maintenance of financial soundness and net operating capital items
• Accounting periods and investors’ property
• Exemptions from best-execution guidelines
• Methods of calculating stocks subject to public tender offers and bulk holdings
• Collective investment operations and asset-distribution records
• Securities depository certificates and central counterparty clearing
• Credit-rating and exchange permission examination periods

Why this edition

Foreign investors, law firms, and compliance teams frequently need the current English text of the Enforcement Rule to read alongside the Act and Decree, but a consolidated, up-to-date English version is hard to find. This edition closes that gap and was prepared and reviewed by H&S Partners, a licensed Korean law office.