Starting July 31, South Korea will raise the cash deposit requirement for leveraged ETF trading to 30 million won
Svmuu News: The Financial Services Commission of South Korea issued a statement announcing that the country will bring forward the implementation of stricter deposit requirements for retail investors trading single-stock leveraged ETFs to July 31, ahead of the originally scheduled August implementation date. The deposit requirement is set at 30 million won, which must be in cash. The cash deposit requirement has been raised from 10 million won to 30 million won; stocks, ETFs, and bonds will no longer count toward the minimum deposit amount. The new regulations apply to the purchase of single-stock leveraged ETFs listed both domestically in South Korea and overseas. Companies that fail to complete system upgrades by July 31 will be advised to restrict new trades of these products. (Cailian Press)
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
U.S. Stocks Extend Fall, S&P 500 Down 1.00%
-
2
The commentary noted that Saudi Arabia plays a key role in the issue of Palestinian statehood, and that its stance is crucial to the normalization of relations with Israel.
-
3
Oil Rallies After US Intercepts Iranian Attack; US Futures Waver Ahead of Fed Decision and Tech Earnings
-
4
BNY Mellon moves core transfer agency business onto blockchain, targeting $8.6 trillion market
-
5
Glencore expects first-half trading profits to reach $3.3 billion, boosted by increased volatility in the oil market due to the war in Iran
-
6
When Will the Uniswap Decentralized Exchange Launch? An Analysis of Its Origins and Core Mechanisms
-
7
Guide to Buying, Trading, and Listing the BBT (BitBook) Token on Exchanges
-
8
What Is the CTR Token? A Guide to the Citrea (CTR) Token and Where to Trade It
-
9
An Analysis of the World’s Leading Secure and Compliant Cryptocurrency Exchanges
-
10
The Federal Reserve kept interest rates unchanged; the yield on 10-year U.S. Treasuries plummeted; gold rose more than 1.2%; and the Nasdaq Composites turned positive.
Markets Today
Recommended Reading






