@article{ART001822999},
author={Choi, Young Joo},
title={A Study on the Classification of Investors},
journal={DONG-A LAW REVIEW},
issn={1225-3405},
year={2013},
number={61},
pages={375-407}
TY - JOUR
AU - Choi, Young Joo
TI - A Study on the Classification of Investors
JO - DONG-A LAW REVIEW
PY - 2013
VL - null
IS - 61
PB - The Institute for Legal Studies Dong-A University
SP - 375
EP - 407
SN - 1225-3405
AB - Financial Investment Services and Capital Markets Act introduced a new regulation which classifies investors into general investors and professional investors and applies different protection according to the classification. Despite a little confusion in the early stage, the regulation seems to have been successfully established. This article, however, suggest some complementary measures because the regulation still has several problems related to system and operation.
First, when classifying as professional investors, the regulation needs to consider qualitative factors such as investor’s expertise in addition to the wealth. It is better to classify enterprises based on the size of it than simply on the listing. In case of voluntary professional investors, it also needs to consider investor’s expertise. Regarding the system of investor reclassification, this article suggest some supplementary measures about the time of effect and the effect of written confirmation and others.
This article also pointed out that the regulation needs to be revitalized in several ways such as unifying regulatory system about professional investors and giving real benefits to both professional investors and financial investment business entities. Finally, this article investigated how the professional investors affect the judicial precedents before and after the introduction of the regulation.
KW - classification of investors;professional investors;ordinary investors;MiFID;reclassification of investors.
DO -
UR -
ER -
Choi, Young Joo. (2013). A Study on the Classification of Investors. DONG-A LAW REVIEW, 61, 375-407.
Choi, Young Joo. 2013, "A Study on the Classification of Investors", DONG-A LAW REVIEW, no.61, pp.375-407.
Choi, Young Joo "A Study on the Classification of Investors" DONG-A LAW REVIEW 61 pp.375-407 (2013) : 375.
Choi, Young Joo. A Study on the Classification of Investors. 2013; 61 : 375-407.
Choi, Young Joo. "A Study on the Classification of Investors" DONG-A LAW REVIEW no.61(2013) : 375-407.
Choi, Young Joo. A Study on the Classification of Investors. DONG-A LAW REVIEW, 61, 375-407.
Choi, Young Joo. A Study on the Classification of Investors. DONG-A LAW REVIEW. 2013; 61 375-407.
Choi, Young Joo. A Study on the Classification of Investors. 2013; 61 : 375-407.
Choi, Young Joo. "A Study on the Classification of Investors" DONG-A LAW REVIEW no.61(2013) : 375-407.
