The Securities and Futures Commission Approves Exception to the '10% Rule' for Short-Term Trading Profit Return by National Pension Service

[Asia Economy Reporter Jang Sehee] The National Pension Service (NPS) will be exempt from the short-term trading profit return regulation (10% rule) in the stock market.

According to the Financial Services Commission on the 28th, the Securities and Futures Commission under its jurisdiction approved the "Exemption Recognition Plan for Short-term Trading Profit Return for the National Pension Fund" at its regular meeting on the 26th.

Accordingly, even if the NPS engages in shareholder activities for general investment purposes in companies where it holds more than 10% of shares, it will not be required to return trading profits from shares sold within six months.

Meanwhile, since last year, the Financial Services Commission has been working with the Ministry of Health and Welfare and others to exclude the NPS from the 10% rule regulation.

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