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Photo = Financial Supervisory Service |
[Alpha Biz= Kim Sangjin] The Financial Supervisory Service (FSS) announced on Monday that it will continue to build its systems and processes to detect illegal short-selling ahead of the resumption of short-selling, scheduled for March next year.
As part of its "Capital Market Modernization Plan," the FSS revealed that it will publish integrated short-selling guidelines in January and complete the development of a short-selling registration number issuance system. In particular, it plans to distribute English-language guidelines to encourage global investment banks (IBs) to prevent illegal short-selling. Previously, in November last year, the FSS launched a special task force for short-selling and conducted a comprehensive investigation into global IBs.
In February next year, the FSS will hold an "open forum" with market participants, and in March, it will conduct a system linkage ceremony between short-selling trading corporations and the short-selling central inspection system. Additionally, a demonstration of the process to detect naked short-selling will be held.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
