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South Korea Plans to Increase Minimum Cash Margin Requirement for Leveraged Single Stock ETFs

BlockBeats News, July 24th, South Korea's financial regulatory authority is studying a plan to advance the implementation of the minimum margin requirement adjustment for single-stock leveraged ETFs, originally scheduled to take effect next month, to the end of this month.

This move is seen as a response to South Korean President Lee Jae-myung's call for swift implementation of supplementary measures for single-stock leveraged ETFs. On the 21st, the Korea Financial Investment Association held a working-level meeting with IT personnel from securities companies, Korean exchanges, and the Korea Securities Computing Corporation (Koscom) and other relevant institutions to discuss the implementation of single-stock leveraged ETF system.

It is reported that the financial regulatory authority is considering advancing the originally planned minimum margin adjustment scheduled to take effect early next month to the end of this month. However, the regulatory authority will make the final decision on the specific implementation timing and method.

Fonte:BlockBeats

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