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. 무단전재-재배포 금지]