The new measures will limit the number of bank branches that are allowed to offer these ‘highly complex financial investment products’.
Equity-linked securities (ELS) will only be permitted for distribution through banks’ flagship stores with sufficient consumer protection measures in place, according to the new measures released by South Korea's Financial Services Commission (FSC) today (26 February). ELS investment recommendations are only available to consumers who are deemed fit to tolerate 100% loss The new rules, which come in response to the recent mis-selling debacle of those tracking the Hang Seng China E