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Editorial

Amendments to the Financial Investment Services and Capital Markets Act - Private Equity Funds

July 2013 - Finance. Legal Developments by Shin & Kim.

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The amended Capital Markets Act (the "Amended Act") requires that an entity intending to manage a private equity fund as its general partner register with the Financial Services Commission (the "FSC"), which requires satisfaction of certain registration requirements (the "Registration Requirements").

Accordingly, a general partner intending to establish a private equity fund under the Amended Act is required to register itself with the FSC, apart from the establishment and registration of the private equity fund (effective as of August 29, 2013).shinkim_finance_legal_update_201306_2_en