By Kenjiro Araki, Associate Director, Regulatory Compliance, Japan, and Philippa Allen, Managing Director, Regulatory Compliance, Asia
In this article, we highlight 10 recent and noteworthy changes in accounting, financial laws, Financial Services Agency (FSA) guidelines, and regulations from the Investment Trusts Association that are relevant for Japan’s Type II Financial Instruments Business Operators, Investment Management Operators, and Investment Advisory/Agency Operators.
1. Amendments to the Financial Instruments and Exchange Law and the Investment Trust Law (Unlisted Stock Incorporation): (May 2024)
2. Revision of the Financial Instruments and Exchange Law (Large-Scale Shareholding System): (May 2024)
3. Financial Instruments and Exchange Law Amendments (Tender Offer System): (May 2024)
4. FSA's Financial Administration Policy for the 2024 fiscal year: (June 2024)
5. FSA Revised Supervisory Guidelines for Financial Instruments Business Operators: (June 2024)
6. The Investment Trusts Association, Japan "Regulations for Valuation and Accounting of Investment Trust Assets" Revised: (April 2024)
7. The Investment Trusts Association, Japan "Regulations Concerning Management of Investment Trusts, etc." Revised: (June 2024)
8. The Investment Trusts Association, Japan "Detailed Regulations Concerning the Preparation of Prospectuses for Investment Trusts" Revised: (August 2024)
9. Amendments to the Law on Limited Partnership Agreements for Investment (LPS Law): (September 2024)
10. Areas of focus highlighted at the International Organisation of Securities Supervisors (IOSCO) Annual Meeting: (May 2024)
For information on IQ-EQ’s regulatory compliance services and expertise in Japan, please click here.
About the authors
Kenjiro is Associate Director, Regulatory Compliance for IQ-EQ in Japan. He has more than 33 years of working experience in asset management, including 18 years in legal affairs and compliance. Over the years, Kenjiro has communicated closely with the FSA and KLFB and responded to requests under the FIEA. He has experience in preparing statutory documents, conducting compliance training and assisting financial institutions with various licences and business registration applications in Japan.
Philippa is IQ-EQ’s Managing Director of Regulatory Compliance, Asia, with over 30 years’ extensive business and regulation experience in Asia. Prior to founding ComplianceAsia, which is now part of IQ-EQ, Philippa was the Head of Compliance, APAC for Dresdner Bank and GT Asset Management (LGT Asset Management). She was one of the drafters of the original Fund Manager Code of Conduct in Hong Kong and is involved in numerous submissions to regulators and lobbying efforts with financial industry bodies.
