FSC: ‘Leveraged ETF deposit 5,000ten-thousand won’ regulatory proposal is not true

The Financial Services Commission announced that the content related to the ‘leveraged ETF regulatory proposal’ and ‘additional creation of the National Growth Fund’ that rapidly spread online on 7 month 9 day was neither a government review proposal nor a finalized plan. The financial authorities summarized that the circulated wording differed from the facts.

Various regulatory proposals were shared in online investment communities and social media. One of them claimed that leveraged ETF investment deposits would be raised to 5,000ten-thousand won.

Another message stated that leveraged ETF investors would be required to watch 1 hours of mandatory training every week. The FSC said that this content was not government policy.

Some posts stated that the maximum return on leveraged products would be capped at 20%. The Financial Services Commission made clear that this, too, was not the government's proposal.

In addition, claims circulated that the National Growth Fund would continue to be established to revitalize KOSDAQ, following the 2th round, through the 3·4th round. The Financial Services Commission said that claim was also inconsistent with the facts.

The Financial Services Commission's notice was intended to ask people to verify the accuracy of information about regulatory proposals and policies circulating online. Investors were advised to check official notices from asset managers and financial authorities.