Finance Law Newsletter

Japan: Proposed Regulatory Regimes for Foreign Investment Managers and Deregulation of Foreign Corporate Client Information Handling

Finance Law Newsletter

On 23 December 2020 the Market System Working Group (the “MSWG”) under the Financial System Council (kinyu shingikai), an advisory group to the Commissioner of the Financial Services Agency of Japan, released their first report concerning establishment of an international financial center in Japan (the “First Report”).  The First Report argues for new foreign investment manager regulatory regimes as well as deregulation of foreign corporate client information firewalls between banks and brokers/dealers.  This newsletter provides a summary of the First Report, as it is likely that discussion items therein will lead to amendments to the Financial Instruments and Exchange Act (the “FIEA”) and other related laws and regulations....To read the full article, please see the PDF file

*This article is also available in Japanese.

Subscribe to our Newsletter