1. Reason for revision
ㅇ As consignment of exchange and remittance work is allowed in “Fx service innovation plan through expansion of convergence and untact and encouragement of competition” announced on June 4, 2020, it is intended to prepare the detailed execution plan.
ㅇ People’s predictability and administrative flexibility is enhanced by improving the regulation on fx prudential allotment by such method as consignment of detailed matters on deduction for flexible operation of deduction of fx prudential allotment.
2. Main content
A. Consignment of exchange and remittance work (Article 20-4 through Article 20-6 of draft)
ㅇ For consignment of some of the work needed for fx work agencies, etc. to perform fx transaction or payment/reception, etc., the range of work to be consigned (Article 20-4), the range and qualification of consignment agencies (Article 20-5), and the method and procedure of consignment (Article 20-6) are specified.
B. Sub-regulation on detailed matters is consigned in relation of deduction of fx prudential allotment (Article 21-4.2 through 21-4.3 of draft).
ㅇ Deductible calculation method, deductible application period, and deductible limit in deductible balance, etc. are consigned in sub-regulation for fx work agencies to play the role to encourage fx transactions when imposing fx prudential allotment.
C. Installment payment of fx prudential allotment is canceled (Article 21-7.4, Article 21-11, and Article 37.3.xiii of draft).
ㅇ When installment payment is not needed or is impossible due to registration, certification, or cancellation by allotment payer of installment payment of fx allotment, installment payment may be canceled and related matters are consigned to The Bank of Korea.
D. Measures for audit result (Article 35.2 of draft)
ㅇ When illegality is found as the result of audit of the work on fx work agencies or fx transaction parties, etc., the Minister of Strategy and Finance may take such measures as request for improvement of working method and notification to related agencies.
