Hana Securities and Shinhan Investment Securities have entered the final stage of obtaining approval for the issuance bill business.
The Securities and Futures Commission under the Financial Services Commission (FSC) held a regular meeting on the 10th and resolved to approve Shinhan Investment Securities and Hana Securities as comprehensive financial investment firms with equity capital of 4 trillion won or more and for short-term finance.
If they receive final approval within this month through the Financial Services Commission (FSC) regular meeting, they will become the sixth issuance bill operators after Mirae Asset Securities, Korea Investment & Securities, NH Investment & Securities, KB Securities, and Kiwoom Securities.
The review for issuance bills proceeds in the following order: ▲ application submission ▲ review by the external evaluation committee (OEP Committee) ▲ on-site inspection ▲ deliberation by the Securities and Futures Commission (SFC) ▲ final resolution by the Financial Services Commission (FSC).
In the cases of Samsung Securities and Meritz Securities, no results have been released yet after applying for issuance bill approval.
Given the year-end schedule, the meeting that day is likely to be effectively the last Securities and Futures Commission (SFC) session of the year. Accordingly, whether the two securities firms receive approval is expected to be decided in early next year.