[Korea Jeongseon financial newspaper reporters - who must disclose such investment advisory website for a price that works on commission income or sales volume received from the product development and sales company in the future.
Financial Services Commission said that two days notice from the coming six days 'investment advisory best practices' that contains such information until the 25th.
The best practices will standardize the independent investment advisors (IFA), a one-stop advisory and consulting services, including platform obligations of investment advisors in circumstances that are newly introduced standards and practices, work processes.
General non-independent investment advisors (FA), but can receive compensation from the sale of financial products manufacturers, sales for the full-scale financial products, is prohibited by receiving a return linked directly or indirectly to the scale of individual product sales.
Independent investment advisors (IFA) should not use a single platform for consultation to ensure their independence.
As a result he received financial advice to investors who purchase the goods without the vendor supports the principle of conformity with the obligations described in the product.
When you include banks, brokerages gyeomyoung sales and advice must distinguish between internal business processes. Let them know a separate investment advisory and sales activities are separated from the investor shall confirm the intention. Also clarifies the fees and investment advisory fees based on sales, and notify the investors.
In the case of online consultation should be published so that you can easily recognize whether the IFA, including the extent and provide advice on the website. Live chat, call centers, video chat has mandated two-way communication channel operations.
Financial investment advisory committee held three days coming and best practices sessions, and as soon as the Decree of the Financial Investment Services and Capital Markets Act will be passed enforce best practices.
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