Search results for Financial Consumer Protection Act
Finance
FSC to formalise online deposit comparison and recommendation, allowing platform broker registration
South Korea\'s Financial Services Commission will move online deposit comparison and recommendation services into the regulatory system by revising supervisory rules under the Financial Consumer Protection Act. Platforms will need to compare and recommend deposit products from at least three financial companies and list them in consumer-friendly order. The rules limit incentives per contract, cap brokering volumes by financial company and expand algorithm verification bodies. The revision will take effect three months after notice, with a six-month grace period for current pilot operators.
Finance
FSS to overhaul financial investment ad rules; ETF, high-risk product YouTube ads to face review
South Korea\'s Financial Supervisory Service will revamp procedures for financial investment advertisements to curb false and exaggerated claims as competition intensifies for products such as exchange-traded funds. The overhaul covers ad production, screening and post-management at securities firms. New listings of ETFs and high-risk products posted on firms\' own YouTube channels are expected to be added to the Korea Financial Investment Association\'s review scope. The regulator and the association plan to complete rule revisions by mid-October and implement them in January 2027.
Finance
Pinda provides compliance training for all employees
Pinda has conducted compliance training for all employees to strengthen its ability to respond to compliance risks and improve understanding of key financial regulations, including MyData and the Financial Consumer Protection Act. The company said the first-half 2026 programme covered obligations for MyData operators, personal credit information protection and conflict-of-interest prevention. It also addressed rules on advertising, solicitation and brokerage, and requirements for loan brokerage businesses, alongside supervisory trends and sanction cases.
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Finance
FSS expands inspection of Mirae Asset Securities to review SpaceX \'zero-share allocation\'
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Finance
Hong Kong ELS fine decision delayed again as FSC deliberates for two months
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Finance
Decision on Hong Kong ELS fines for banks nears ahead of FSC meeting
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Finance
KB Kookmin Bank recommends Yeon Tae-hoon as new outside director
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Finance
FSS chief urges banks to curb household debt and strengthen consumer protection
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Games & Commerce
FSS extends inspection of Coupang financial units, probes data leaks and high interest rates
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Finance
FSS launches inspection into Coupang Financial high-interest loans
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Finance
Fee cap crackdown targets loan platforms, fintech industry on edge
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Finance
FSS notifies five banks of 2 trillion won in fines over Hong Kong ELS