Quick Check on Regulations is a system that allows financial service providers faced with regulatory uncertainties to quickly check the applicability of their services and the relevant statutes.
Eligibility Criteria
A company* or financial company, etc.,** as defined by the Commercial Act, with a place of business located in The Republic of Korea
* This does not apply to a “foreign company,” which does not have a place of business in Korea, or a “self-employed individual,” whose business is not in the form of a company
** Financial company, etc.: Financial companies such as banks, insurance companies and financial investment companies + Electronic financial business operators, etc.+ Public corporations and funds in the financial business + Associations established in accordance with finance-related laws + Non-profit corporate bodies whose establishment was approved by the FSC
Procedure
One-stop services for checking the statutes under the jurisdiction of the FSC as well as other ministries
Matters Requiring Attention
Matters Related to the Processing Period
- However, this excludes the time it takes to supplement the application form
- If there are regulations under the jurisdiction of other ministries, it may take up to 30 more days in order to consult the ministries in question