Financial Supervisory Service Revises and Publishes Comprehensive Guide to Disclosure Operations

[Asia Economy Reporter Eunmo Koo] The Financial Supervisory Service (FSS) will revise and publish a comprehensive guidebook on disclosure tasks to enhance the understanding of disclosure among corporate disclosure officers and support the thorough execution of disclosure duties.

On the 6th, the FSS announced that it plans to revise and distribute the "Corporate Disclosure Practical Guide," a comprehensive manual on disclosure systems and precautions for preparing disclosure documents. The FSS has been publishing and distributing the "Corporate Disclosure Practical Guide" annually since 2005.

The newly published guidebook categorizes corporate disclosure matters into four themes: ▲Market Disclosure ▲Issuance Disclosure (including ABS issuance) ▲Equity Disclosure ▲Electronic Disclosure. It explains various disclosure-related systems stipulated under the Capital Markets Act, Commercial Act, Asset Securitization Act, and special provisions for listed companies that practitioners need to be familiar with.

In particular, it organizes 190 frequently asked questions and answers commonly raised by disclosure officers, and includes authoritative interpretations, cases of disclosure violations, and correction requests for securities registration statements to enhance practical usability.

The FSS stated, "We expect this to improve disclosure officers' understanding of disclosure systems, reduce the burden of disclosure tasks on companies, and provide the market with disclosure documents that accurately and faithfully reflect important corporate information, thereby strengthening investor protection and establishing a transparent and trustworthy capital market."

The FSS plans to publish a total of 5,000 copies to distribute to listed companies, related organizations, universities, and public libraries. Additionally, the guidebook will be posted in electronic book format on the FSS website so that anyone interested in disclosure systems, including companies interested in IPOs and individual investors, can easily access the material.

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