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Japan Legal Update, Vol. 15 | June 2016
An Amendment to the Banking Act, Etc. (the "Amendment") was enacted on May 25, 2016.
Jones Day
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How Do We Break The Gender Bias?
Tokyo-based Morrison & Foerster partner, Yuka Teraguchi, and Eriko Suzuki, Managing Director of MPower Partners, are featured in the latest edition of the HEDGE GUIDE discussing gender equality.Morrison Foerster - Article
Japan Legal Update | Vol. 26
The amendment to the Financial Instruments and Exchange Act ("Amended FIEA") was enacted on May 17, 2017, and promulgated on May 24, 2017.Jones Day - Article
Japan Legal Update Vol. 47 | May–June 2019
The Amendment will come into force on or before May 17, 2020, the exact date to be specified by a Cabinet Order.Jones Day - Article
Japan's Amended Payment Services Act Could Prompt More Nonbank Entries Into Traditional Banking Services
The amendment to the Payment Services Act ("PSA") of Japan took effect in May 2021, removing the current numerical transfer cap placed on fund transfer services by nonbank institutions.Jones Day - Article
Japanese Tender Offer Rules Expand Exemption for Proprietary Trading System ("PTS")
Effective on October 31, 2012, the Financial Services Agency of Japan ("FSA") amended the Japanese tender offer rules and introduced a new exemption for acquisition of shares made through a proprietary trading system ("PTS").Morrison Foerster - Article
Japanese Variation Margin Requirements For Derivatives Take Effect
The Financial Services Agency of Japan has introduced an amending ordinance regarding margin requirements for over-the-counter derivatives transactions.Jones Day - Article
Structuring An ESG Investment Fund In Japan
At the time of its launch, Japan's first ESG-focused venture capital fund MPower Partners Fund, established by former Goldman Sachs vice-chair Kathy Matsui and sized at US$150 million, ...Withers LLP - Article
Financial Instruments Business Operator Registration Supported By Financial Market Entry Office
On January 12, 2021, the Financial Services Agency of Japan ("JFSA") and the Local Finance Bureau established the "Financial Market Entry Office" ("FMEO") to provide a one-stop, fullyEnglish services.Anderson Mori & Tomotsune - Article
Proposed Stricter Requirements On QII-Targeted Business Exemption In Japan - Detailed Regulations Promulgated By Relevant Authorities
The Exemption allows a GP to conduct marketing activities and investment management activities for the LPS without being registered as either a Type II FIBO or an IMBO.Nishimura & Asahi - Article
Publication Of The Draft Amendments To The "Comprehensive Guidelines For Supervision Of Small- And Medium-Sized And Regional Financial Institutions" For Public Consultation
As of November 27, 2023, the Financial Services Agency has released the ``Comprehensive Supervisory Guidelines for Small and Medium-sized...Anderson Mori & Tomotsune - Article
Amendments In Anti-Tax Heaven Rule
Ernst & Young - Article
Japan's FSA Clarifies Regulatory Position On Initial Coin Offerings, Warns Of Risks
The Financial Services Agency of Japan ("FSA") has released a statement on initial coin offerings ("ICOs").Jones Day - Article
Regulatory Trends In Japan On High-Speed Algorithmic Trading
On December 22, 2016, the Financial Services Agency of Japan published a report summarized by the Working Group on Financial Markets of the Financial System Council, titled . . .Morrison Foerster - Article
Sony Insurance USD 150M Fraud Case: Successful International Cooperation To Seize Embezzled Funds Converted To Bitcoin
In this article, Hiroyuki Kanae, and Hidetaka Miyake, Partners at Anderson Mori & Tomotsune discuss a recent significant fraud case in Japan. There were many noteworthy points in this case...Anderson Mori & Tomotsune - Article
Exploring Japan's Evolving Investment Landscape: Opportunities For Asset Managers
This article forms part of a series of articles examining the opportunities Japan presents for investment managers. It focusses on the opportunities presented by Japanese institutional and retail investors.Maples Group - Article
Betting Big: Global Asset Managers And Japan
Japan's US$7 trillion in household cash savings has long symbolised the country's cautious approach to investment. The tide is now turning. In 2023, inflows into Japanese investment trusts reached US$107.7 billion...Maples Group - Article
Banking & Finance Newsletter - Report By The "Working Group On Payment Services System, Etc." Of The Financial System Council And Proposed Revisions To The Payment Services Act (Part 2) - Cross-Border Payment Collection Services
On January 22, 2025, the "Working Group on Payment Services System, etc." of the Financial System Council published its report on payment services systems...Anderson Mori & Tomotsune - Article
Ensuring Fairness In Management Buyouts In Japan
A management buyout (MBO) is an acquisition of a company (the "target") by its management, in which the management acquires all shares in the target on the assumption that the target's business...Anderson Mori & Tomotsune - Article
Structuring An ESG Investment Fund In Japan
A NEW US$150 million venture capital fund in Japan, launched by former Goldman Sachs vice-chair Kathy Matsui, made the headlines recently as one of Japan's first environmental, social and governance (ESG)-focused venture capital funds.Withers LLP