Computerization of Short Sellers and Preparation for Resumption...Issuance of registration number of transaction corporation

The financial authorities will issue registration numbers to trading corporations ahead of the computerization and resumption of short selling in March.

The Financial Supervisory Service announced that it will start issuing registration numbers to large-scale short selling trading corporations tomorrow (7th).

The financial authorities have been pushing for the establishment of a computer system for the prevention of borrowed short selling and post-inspection as a way to improve the system ahead of the resumption of short selling on March 31.

Under this plan, all short selling trading corporations with a short selling balance of 0.01% or more than 1 billion won must obtain a short selling registration number to make transactions that are likely to occur without borrowing.

The central inspection system for short selling aggregates all orders of investors who have been issued short selling registration numbers by registration numbers and always detects whether they are borrowed short selling even if they use multiple securities companies or accounts.