South Korea tightens leverage ETF rules: cash deposit requirement triples to 30M won from July 31
South Korea's financial regulator is raising the minimum cash deposit for retail investors trading single-stock leveraged ETFs from 10 million won to 30 million won, effective July 31. Stocks, ETFs, and bonds will no longer count toward the deposit. The rule applies to both domestic and overseas listed leveraged ETFs.
Details
South Korea's financial regulator has announced that stricter deposit requirements for retail investors trading single-stock leveraged ETFs will take effect on July 31, earlier than the originally scheduled August implementation. The minimum cash deposit will be tripled from 10 million won to 30 million won, and only cash will be accepted. Stocks, ETFs, and bonds will no longer count toward the deposit requirement. The new rules apply to both domestic and overseas listed single-stock leveraged ETFs. Firms that fail to complete system upgrades by July 31 will be advised to restrict new trading in such products.
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