The financial regulatory innovation committee held its 6th meeting on January 19 and discussed measures to improve capital market regulations. The agendas included (a) measures to improve foreign investors' access to domestic capital markets through abolishment of the foreign investor registration system and expansion of English disclosure requirement in stages to boost the global dynamism in domestic markets and (b) establishing a regulatory framework on the issuance and circulation of security tokens. At the meeting, FSC Chairman Kim Joo-hyun said that although doing away with the three-decades old system and replacing it with a new regulatory framework may cause inconvenience and unforeseeable risk, authorities will adequately take into account what has been discussed at today's meeting and continue to actively communicate with market participants during the amendment process for specific regulations.