Regulatory Sandbox | Domaines de pratique

CONTENTS

1. RegulationSandbox | Definition
- - Venues & Facilities
2. RegulationSandbox | Financial Instruments Major Type
- - Financial Services
- - Korean
- - Venue
- - Notice
3. RegulationSandbox | Operation Procedure
- - Financial Services
- - Korean
- - Venue
- - Notice
4. RegulationSandbox | Privacy Policy
- - Copyright (c) 2015 SHINSEGAE. All Rights Reserved.
- - Strict compliance of business scope
- - Establishment of consumer protection and risk management system
- - Legal Status Change and Model Change Possibility
5. RegulationSandbox | To respond to market entry
- - Investigation in the United States
- - Consumer Protection and Risk Management Defense
- - Business design to be considered to be an institutionalization after a demonstration
- - Legal Support

1. RegulationSandbox | Definition

Sandbox is a system that enables operators to deliver innovative products or services based on new technology, and to ensure existing restrictions under conditions.

With this, financial services providers get the opportunity to test and validate new services in real market environments. News /span>

In this process, consumers will enjoy more colorful and innovative financial benefits than before financial authorities will provide a scheduling plate that can improve and maintain the current regulations more reasonable based on the actual data. News /span>

Venues & Facilities

The reason why the financial institution has introduced the RegulationSandbox is due to the market situation of the four sides. News /span>

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England, Singapore etc. financial advancements are already in line with strategic partnerships with innovations. <% if (imgObj.width >= imgObj.height) { %> 61%, 41% );">2 Strict Regulations above Financial Corporation

< style="text-align:justify;">The existing financial law was a very difficult environment for startups or new operators to enter the market. <% if (imgObj.width >= imgObj.height) { %> 61%, 41% );">3 Pentech's rapid growth

< style="text-align:justify;">The digital transformation is fast, and the service combined with technology and finance has been fast, and it is also a flexible way to back. <% if (imgObj.width >= imgObj.height) { %> 61%, 41% );">4 Pintech utilization and competitive vulnerabilities

< style="text-align:justify;">The purpose of increasing the use of the pintech in domestic industry and securing global competitiveness. <% if (imgObj.width >= imgObj.height) { %>

2. RegulationSandbox | Financial Instruments Major Type

The standard sandbox is divided into four different schemes, depending on the purpose and method of financial innovation. News <% if (imgObj.width >= imgObj.height) { %> <% if (image rate > 5) { %>

Financial Services

Innovative financial services A system that admits relevant laws and regulations for new financial services and differentiated financial services.

is characterized by its proprietary trial sales within the specified range without the approval of the chart. News /span>

Korean

final> Pintech Corporation is a system that operates services jointly with financial companies by securing the essence of financial companies.

News /span>

Venue

Standest Pintech's financial services are charged to financial firms and proceeding to the sales of the financial institutions in the financial institution.

The so-called company utilizes the infrastructure of the financial company to validate the completion of the technology. News /span>

Notice

Specification system A system that requests to financial institutions whether the application of existing statutes in relation to new financial services.

The role is to remove the legal uncertainty prior to normal business promotion. News /span>

3. RegulationSandbox | Operation Procedure

Each system of the standard sandbox is mounted on different screening and operating procedures according to the nature of the service. News /span>

Financial Services

1 Specification application

Innovative financial service designation form to be submitted. 2 Simple progress

Finance Committee and Financial Supervision after pre-review of the Financial Supervision, Innovative Financial Initiative Committee and this committee will be held. 3 Fixed

Consulting the consent of the committee screening results to determine whether the final specified in the financial committee. 4 Test implementation

According to the service, According to the risk management practices for the protection of the consumer. 5 Supports the market adherence

Innovative and safety for the proven challenges, eliminating business uncertainty. <% if (imgObj.width >= imgObj.height) { %>

Korean

1 application reception

after establishing cooperation relationship between trust firms, will submit the application that is specified by the pintech company. 2 Professional screening

Innovative review and designation of services through screening committees, above Table operating capacity, Secret protection. 3 Fixed

determine whether the final specified in the financial committee according to the results of the judgement committee. 4 contract concluded and reported

fintech enterprises with financial firms signed a contract, and that results report to financial regulator. 5 Test implementation

Fintech enterprises perform real trial operations during the contract period. <% if (imgObj.width >= imgObj.height) { %>

Venue

1 refer to application

fintech enterprises who wish to participate in the trust test will receive an application in the Korean FinTech Support Center. 2 ">

in the clinic conference IR is the right choice of service through pitching, i. the possibility of enforcement, etc. 3 Finance Company Matching

The company passed the evaluation concludes the test details consultation and work fulfillment agreement. 4 Test implementation

Providing statistical tests until statistical results are subjected. <% if (imgObj.width >= imgObj.height) { %>

Notice

1 "

Please apply to whether the operator applies the laws of the services applicable to the financial committee. 2 ">

Consolidate whether or not in connection with other administrative agencies in relation to other jurisdictions. 3 resulting

from the date of application 30 days (best time 60 days) is formulated to the applicant whether the application is regulated within. 4 after action

no deletion will be launched on the market immediately, If the standard exists, it supports affiliation of innovative financial services, etc. <% if (imgObj.width >= imgObj.height) { %>

4. RegulationSandbox | Privacy Policy

Godsandbox is a system that validates innovation through a simplified regulatory craft, It is essential for continuous legal management after correction.

Copyright (c) 2015 SHINSEGAE. All Rights Reserved.

No exemption is permanent and is only operated within a limited period of regular 2 years (+2 years). News /span>

If the relevant laws are not maintained until the end of the special occasion, the business suspension risk may occur, so the systemization response strategy is required at the end of the year.

Strict compliance of business scope

The content of an innovative financial service approved at the time of application, place, only business in the form. News /span>

It is impossible to expand your business beyond the correct range If you need to change the service, you need to follow a separate change approval process.

Establishment of consumer protection and risk management system

We need to thoroughly comply with consumer protection measures under constant monitoring of the financial committee. News /span>

Responsible insurance subscription and risk management measures for preventing fraud, and can be canceled or suspended during peak period. News /strong>

Legal Status Change and Model Change Possibility

The normative is temporary measures for verification of innovation services, so it may require modification of business model according to future law revision direction. News /span>

You need to check the regulatory compliance potential in advance in the next formal statutes with statistical data analysis. News /span>

5. RegulationSandbox | To respond to market entry

In front of the market, the operator must design the regulatory strategy from the initial stage.

In particular, you need to consider the scheme selection, screening logic, post-systemization to one flow. News /p>

Investigation in the United States

The most critical questions in financial audits are Why this service must be specific".

not for the convenience of business, should prove that service implementation itself is not possible when applied to existing regulations. If there is no special reason, how the consumer benefit is limited, and the regulatory objective is not to be able to acquire objective data and logic.

Consumer Protection and Risk Management Defense

The standard sandbox is a system that provides regulatory support, but the customer protection responsibility of the operator is further enhanced.

In order to rest assured the authorities in the trial phase, In the subject process of injury, Registration insurance subscription plan, privacy and asset protection system, and the immediate service interruption and reporting system etc.

Business design to be considered to be an institutionalization after a demonstration

The regular expression should not forget that it is an endurance not permanent right.

In order to prevent the business interrupted to prevent the risk, you should put it in mind whether the future statistical maintenance and formal acceptance transition from the design phase.

How to accumulate system improvements, and roadmaps for how to link investments and extensions planning.

Legal Support

GOLDBOX is a system that requires legal verification and responsibility for the entire business structure at the same time. News /span>

Service structure, Standard proportional range, If you do not clearly design the condition The anti-qualification phase of the course may lead to the interruption command or postal deduction. News /span>

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