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FSS Tightens Rules on Target-Date Funds and Bank Loan Notifications

Finance · Investment Managers · yonhap_finance · 2026-09-06

South Korea's financial regulator is strengthening disclosure requirements for target-date funds and mandating prior notice for bank loan suspensions.

What Happened

Fund Disclosure Requirements: The Financial Supervisory Service (FSS) is mandating clearer disclosures regarding the structure and upfront sales fees of target-date funds. This move aims to protect investors who have been increasingly opting for A-class funds despite market volatility.

Loan Notification Mandates: To address consumer complaints regarding sudden loan suspensions or limit reductions, the FSS is requiring banks to provide advance notice to customers. This policy will be implemented selectively to prevent market distortions while ensuring transparency.

Insurance Sales Oversight: The regulator is intensifying its crackdown on illegal sales practices by insurance agencies, including unauthorized solicitations and misrepresentation. Enhanced internal controls and undercover inspections will be utilized to ensure compliance across the sector.

Systemic Financial Support: The FSS is assisting financial institutions in transitioning to alternative data verification methods following legal restrictions on scraping. The agency remains focused on monitoring risks to vulnerable borrowers and preventing financial crimes ahead of the holiday season.

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