1. Reason for Amendment 

To reorganize the overall liquidity ratio calculation framework in order to strengthen securities firms' liquidity risk management capabilities and enhance their crisis response capacity.

2. Main Contents 

A. Establishing grounds for calculating the New Adjusted Liquidity Ratio following the expansion of liquidity regulation coverage (Amending Article 2-8-3, Deleting Article 2-10-2, Newly adding Article 2-10-3)

- Deleting existing calculation provisions for each liquidity regulation target and establishing new calculation grounds for the New Adjusted Liquidity Ratio, which applies to all securities firms.

B. Preparing detailed calculation standards for the New Adjusted Liquidity Ratio (Amending [Annex 10])

- Calculating the adjusted liquidity ratio by deducting the discounted amount of marketable securities from liquid assets and adding additional amounts for contingent liabilities, such as debt guarantees, to liquid liabilities.
- Refining the calculation methods for liquid assets/liabilities and the calculation criteria for liquidity periods to reflect the actual risks of securities firms' liquid assets and liquid liabilities.

C. Reorganizing risk evaluation standards for financial investment business entities (Amending [Annex 13])

- Replacing the indicator for evaluating liquidity risk among quantitative risk evaluation indicators for financial investment business entities from the existing KRW Liquidity Ratio to the KRW Adjusted Liquidity Ratio.

D. Reorganizing liquidity risk management standards (Amending [Annex 13-1])