The Financial Supervisory Service publishes’The Financial Law Guide’ for financial consumers and employees of financial companies

The Financial Supervisory Service has prepared and posted information for financial consumers and employees of financial companies to support the smooth settlement of the Financial Consumer Protection Act (hereinafter referred to as the Financial Services Act), which takes effect from the 25th.

First of all, in the guide material for financial consumers, the basic concepts of financial products and financial product sellers and advisors defined in the Financial Services Act are explained, as well as the important matters that financial consumers must know in financial transactions by category.

It was written in a question-and-answer format rather than a simple listing description so that the general public can easily understand and use it.

For employees of financial companies, the background of the law enforcement and the main contents of each legal provision are summarized so that they can be referred to when conducting business. In order to improve the convenience of understanding the practice, the sub-legal provisions were reflected in the main contents of the legal provisions and a FAQ was added.

The Financial Supervisory Service posted information on the prohibition against law in the’Business Resource Room dedicated to the prohibition against law’ opened on the website so that anyone could use it. Various types of guide materials such as videos and booklets will be created and provided.

In addition, it plans to provide data to financial associations in each region and organizations affiliated with the Financial Education Council so that they can be used in future education.