Financial Supervisory Service to Hold First Subcommittee Meeting on Lime Incident on 30th... Targeting Trade Finance Fund
[Asia Economy Reporter Park Jihwan] The Financial Supervisory Service (FSS) has decided to hold the first dispute mediation committee meeting on the 30th regarding the Lime Asset Management private fund redemption suspension incident.
On the 23rd, the FSS announced, "The Lime Trade Finance Fund dispute mediation committee will be held privately at 3 p.m. on the 30th." The dispute mediation target is the trade finance fund ('Pluto TF-1'), which has suffered a total loss. The results will be disclosed through a press release on the 1st.
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The FSS has been preparing for the mediation committee based on on-site investigations and inspections of the asset management company and sales companies related to the Lime incident. As the second legal review following the first is nearing completion, the mediation committee schedule has been finalized. Dispute mediation can only begin once the fund loss is confirmed.
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