Regulations on Supervision for FinanA. Registration requirements for financial product advisory business entities and financial product sales agency/brokerage business entities (Articles 3 and 4)

Define the qualification of staff which financial product advisory business entities and financial product sales agency/brokerage business entities handling loan products must meet and algorithm requirements for online business entities.

B. Obligations to explain (Articles 9 and 10, and attached Tables 3 and 4)

Define things to explain to financial consumers when recommending any financial product, the criteria by which the risk is graded, and how to prepare a prospectus.

C. Ban on unfair business activities (Article 11)

Define supervision standards on any activity forcing other financial products against financial consumers’ will when they take out a loan.

D. Financial consumer protection status evaluation (Article 23)

Define the selection of those subject to evaluation as well as the evaluation frequency, corrective action plans by financial product sales business entities and others as a result of evaluation, and confirmation by Governor of the Financial Supervisory Service on corrective action.

E. Sale restriction/ban order (Article 29)

Define an internal procedure for the Financial Services Commission’s issuance of a sale restriction/ban order.

cial Consumer Protection