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South Korea to Require New Investors in Single Leveraged ETFs to Complete Simulation Trading Exercises

South Korea will require new investors in single leveraged exchange-traded funds (ETFs) to complete simulation trading exercises, further tightening regulatory measures on this high-risk product that exacerbates market volatility. The Financial Services Commission of South Korea announced that new investors must complete at least five days of simulation trading, totaling at least five hours, before purchasing single leveraged ETFs. The new regulation will take effect on August 19 and applies to both domestic and overseas investments.

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