A. Allowance of same-day setting and repurchase of pension/fund investment pool
It is allowed to set/repurchase pension/fund investment pool being operated as MMF or savings at the reference price on the same day for efficient integrated operation of spare money of pension/fund.
B. Improvement of the regulation on operation of real estate and special asset FoF (Fund of Fund) (Article 80.1)
Real estate and special asset FoF which may be included equivalent to 100% of collective investment property and may be invested in SPC in relation to SOC and private collective investment scheme to be invested in real estate under Article 229.ii of the Act exceeding 50% are added.
C. Special case of period to relieve violation of asset management limit (Article 81.3)
In case of the fund designated and notified by Financial Services Commission, the relief period for unavoidable violation of asset operation limit is relaxed from three (3) months to six (6) months.
D. Adoption of performance-linked operation fee type (Article 88)
The type of performance-linked operation fee of which the operation fee is determined depending on operation performance of the fund is additionally allowed.
E. Relaxation of liability of for notification of K-OTC entry online small-value security issuers (Article 118-16.3)
Online small-value security issuers entered into K-OTC market shall notify settle documents every half-year and the liability to notify financial statements for the fiscal year in the website of online small-value security brokers is excluded.
F. Legislation of administrative guide of asset operation companies for self-offering fund investment (Article 209)
Liability for own property investment is reflected in acts and subordinate statutes in case that asset operation companies being operated by administrative guide set offering fund.
E. Legislation of model measure to activate arrangement of small scale funds and suppress generation of small scale funds (Article 209)
Model rule on activation of small scale fund arrangement and suppression of generation of small scale fund is reflected in acts and subordinate statutes so that, if the ratio of small scale fund exceeds 5%, new offering fund cannot be registered by administrative guide.
G. Exemption from resolution of Beneficiaries' Meeting (Article 217 and Article 229.2)
The basis of delegation of related matters to supervision regulation is provided in the Rule on inactive fund and collective investment so that investment assets of and kind, etc. of the security fund to be converted into real estate or special asset fund may be easily changed.
H. Adoption of foreign currency short-term financial collective investment system (Article 80 and Article 241)
Regulation is provided so that foreign currency MMF is adopted for payment, operation, and repurchase in foreign currency by relieving the regulation that short-term financial collective investment system may be operated in case of Korean currency only and foreign currency MMF may be operated up to 100% of the bond, etc. issued by the government of corresponding foreign currency but shall be operated in a single currency.
I. Strengthened liability for explanation of kind-type collective investment scheme (Article 243.3)
Liability is assigned to explain kind-type collective investment scheme most advantageous to investors in consideration of expected investment period so that investors may select the most advantageous kind-type collective investment scheme.
J. Allowance of conversion registration of foreign currency collective investment scheme (Article 304)
Delegation basis is provided in supervision regulation for cancellation of existing registration and re-registration as general investors in order to expand the sale of foreign currency collective investment scheme registered for professional investors already.
