Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to productive finance with officials from the venture industry, financial institutions, market infrastructure providers, and experts on December 22. At the meeting, FSC Chairman Lee laid out four major policy initiatives put forward by the government as follows–(a) allowing the entry of new electronic securities registries specializing in unlisted stocks, (b) revamping regulations on PEFs (institution-only PEFs) in line with global standards, (c) establishing a system to monitor institutional investors’ compliance with the stewardship code while expanding the scope of stewardship code’s application, and (d) continuing to supervise and monitor the supply of venture capital by large IBs.