1. Reasons for Amendment

Since the algorithm requirement, which is a registration requirement, is not applied to those who operate loan comparison platforms, etc., without registration pursuant to the proviso of Article 12 (1) of the Act on the Protection of Financial Consumers, it is not mandatory to prevent conflicts of interest with consumers.

2. Major Provisions

A. Include in the prohibited acts of financial product distribution agents/brokers the case where a person who engages in a financial product distribution agency or brokerage business through an automated method using electronic devices under the Electronic Financial Transaction Act, among those who engage in financial product distribution businesses, etc., without registration pursuant to the proviso to Article 12 (1) of the Act, does not take measures to prevent conflicts of interest (Article 22 subparagraph 8)