[Asia Economy Reporter Kwangho Lee] The Financial Services Commission announced on the 9th that it has given prior notice of the partial amendment of the "Enforcement Rules of the Credit Cooperatives Act" related to election campaigning by credit cooperatives.


The amendment to the Credit Cooperatives Act stipulates that detailed matters regarding election campaigning shall be delegated to the Prime Minister's Ordinance, and therefore it is necessary to establish related provisions in the Prime Minister's Ordinance (Enforcement Rules) to implement this.


The main contents of the amendment to the Enforcement Rules include ▲posting of campaign posters ▲distribution of election bulletins ▲holding joint speeches or public debates ▲appeals for support using telephone or computer communication ▲appeals for support and distribution of business cards at public places where many people gather or pass by, such as roads and markets, as designated and announced by the Financial Services Commission.



The Financial Services Commission plans to amend and enforce the Enforcement Rules of the Credit Cooperatives Act after going through related procedures such as prior notice, consultation with related ministries, review by the Regulatory and Legal Affairs Office, and approval by the Prime Minister.


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