Financial Regulation Sandbox Special Period Extension.. Special Act Amendment to State Council Meeting

[이데일리 김인경 기자] On the 13th of next week, the’Amendment to the Special Act on Financial Innovation Support’, which will extend the special period of the financial regulation sandbox by up to 1 year and 6 months, will be held at the State Council.

This amendment contains the content that an innovative financial business entity may request for regulatory improvement, and the special period is extended when a decision is made to reorganize financial related laws and regulations.

The financial regulation sandbox is a system that allows innovative ideas and technologies to be tested in the market regardless of current regulations. Shinhan Investment and Korea Investment & Securities’ overseas stock minority investment service, and IBK and Shinhan Bank’s simple real name verification service for face-to-face transactions are representative. Evaluate that it can be met. So far, a total of 139 innovative financial services have been designated, of which 78 are being tested in the market.Weekly event schedule

13th (Tue)

09:00 Executive meeting (Director of Financial Supervisory Service)

10:00 State Council Meeting (Chairman of Finance Committee)

14:00 Digital Finance Council (Vice Chairman of the Financial Services Commission)

14th (Wed)

14:00 Regular meeting of the Financial Services Commission (Finance Chairman, Vice Chairman, Financial Supervisory Service)

15th (Thursday)

10:30 Meeting of the Vice Ministers (Vice Chairman of the Financial Services Commission)

16th (Wed)

09:30 Policy Coordination Meeting (Vice Chairman of the Financial Services Commission)

16:00 Weekly Business Meeting (Finance Chairman, Vice Chairman)

Weekly Press Plan

11th (Sun)

12:00 Announcement of the operation plan for accounting audit and supervision in 2021

12th (Mon)

06:00 Foreign Securities Investment Trend in February ‘21.3

12:00 Online briefing session on the appointment of external auditors of the first external audit target company

14:00 Kickoff Meeting for the Enforcement Situation Group

13th (Tue)

06:00 ABS registration issuance performance in the first quarter of ’21

10:00 Passed the State Council of the 「Amendment Act on the Credit Guarantee Act for Agriculture, Forestry and Fisheries」

10:00 Passed the State Council on amendments to the Financial Innovation Support Special Act related to the improvement of the financial regulatory sandbox system

12:00 Holding the blonde policy and global subcommittee

12:00 Business performance of specialized credit finance companies (excluding credit card companies) in 2020 (provisional)

14:00 The 7th Digital Finance Council is held

14th (Wed)

Upon distribution, the 2nd Innovative Finance Review Committee review result

12:00 Cases of violation of the COVID-19 quarantine guidelines related to virtual asset investment briefing sessions and notes to investors

15th (Thursday)

06:00 2020 foreign bank domestic branch business performance (provisional)

12:00 2020 domestic bank’s overseas store management status and evaluation results of localization indicators

18th (Sun)

12:00 “Free Support for Debtor’s Deputy”, we will be a reliable guardian of illegal private finance victims.

12:00 Financial Supervisory Service held FSS SPEAKS 2021 online

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