Finance more than 40% performance fee deferred payment obligation

[Korea Jeongseon financial newspaper reporters] are the future officers of financial companies and the financial investment business representatives will pay a performance fee of 40% or more deferred.

Finance Committee held a regular meeting of the 22 days was clearly a "Syntax financial companies dominate, some modifications to the deferred payment rate of 40% or more mandates, including performance fees deferred payment target, repair and restitution basis.

The target was set by the loan and pay the abuses that can occur when you have given a short-term bonus guarantees or insurance product development, underwriting, underwriting business, accounts receivable and positive credit card issuing business representatives, etc. In addition to receiving recurring profits and remuneration linked to performance of the responsibilities employees also it will receive a deferred payment.

If you make a loss in connection with the responsibilities of the deferred payment period they are obliged to restitution or less the performance fees to reflect the losses.

Also allow the concurrent position of assets while derivatives trading less than 700 billion won in foreign banks that do not hanhaeseoneun the compliance officer and risk manager.

Assets of 100 billion won less financial firms have had only put risk management officer and compliance officer.

Officers were also reported Concurrent maintenance. If corporate finance director of the company to the employees of other companies and Concurrent Concurrent subject to approval, in the case of part-time Audit Concurrent yen should be reported.

Further clarification was a requirement for disqualification of company officers to the deal, such as loans or loan guarantees, securities purchases.

Finance Committee is scheduled to vote on amendments to supervisory regulations in June after a cabinet meeting after notice to the Legislative Decree of April 05, it comes to regulation and supervision amendment.

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