Yonhap Infomax reported that financial authorities have introduced a revision to subordinate regulations, setting the investment limit for general investors in over-the-counter (OTC) exchanges at an annual net purchase amount of 100 million won per exchange, ahead of the implementation of the tokenized securities system. The Financial Services Commission (FSC) announced on the 1st that it would pre-announce legislative amendments to the Enforcement Decrees of the Electronic Securities Act and the Capital Markets Act, along with related regulations containing these details, from the 2nd until the 11th of next month. This revision specifies matters delegated by the revised Electronic Securities Act and Capital Markets Act, which are scheduled to take effect on February 4th next year, and reflects the policy directions announced by the public-private joint tokenized securities consultative body on the 4th of last month. Securities that can be issued as tokenized securities include not only fractional investment securities such as beneficial interests in non-money trusts and investment contract securities, but also existing standardized securities like stocks, bonds, and funds. During the legislative pre-announcement period, the FSC plans to thoroughly discuss opinions raised by the industry, such as increasing investment limits, lowering the minimum capital requirements for issuer account management institutions, and easing distributed ledger requirements. Specifically, these opinions include ▲the need to raise the annual net purchase limit for general investors per OTC exchange above 100 million won, ▲the need to lower the minimum capital requirement for issuer account management institutions below 4 billion won, and ▲the need to ease distributed ledger requirements.
