1. Reasons
for Amendment
Pursuant to Article 10 (1) 2 of the Mutual Savings Banks
Act and Article 6-4 (1) and (2) of the Enforcement Decree of the same Act,
specific review criteria for the transfer and acquisition of savings bank
operations shall be stipulated in the Regulations for Supervision to enhance
administrative stability and predictability
2. Major
Provisions
A. Establish detailed review criteria for the transfer of
the whole operation (Article 15 (1) 2)
Stipulate the following as review criteria for the
transfer of the whole operation: The inevitability of operations transfer, the
protection of clients, no possibility of disrupting the maintenance of credit
order, etc.
B. Establish detailed review criteria for the acquisition
of the whole operation (Article 15 (1) 3)
In the case of the acquisition of the whole operation,
the review criteria for the approval of mergers shall apply mutatis mutandis.
C. Clarify the review criteria for major investor
requirements due to merger and conversion ([Attached table 4])
In the event of additional investment, clarify that the
additional investment due to merger or conversion shall be within the equity
capital of the relevant financial institution.
