This alert provides a summary of the announcement (Announcement) issued by the Kanto Local Finance Bureau (KLFB) at the beginning of August 2020. Responding to the Japanese government’s “Report concerning Promotion of...more
Subordinate regulations under the Financial Instruments and Exchange Act, Act No. 25 of 1948, as amended (FIEA), were amended on July 22 to allow foreign business operators to temporarily conduct business in Japan upon...more
The amendments aim to promote foreign direct investments for sound economic growth, while still ensuring sufficient review of foreign direct investment activities that could pose risks to national security in Japan....more
With the release of responses to public comments, the Ministry of Finance provided a highly anticipated clarification of the amendments to the Foreign Exchange and Foreign Trade Act....more
Following the declaration of a state of emergency due to COVID-19, Japan’s Financial Services Agency (FSA) made recent announcements extending the filing deadline for annual securities reports and other disclosure reports,...more
The Japanese government declared a state of emergency with respect to seven prefectures on April 7. The government also has issued emergency policies in response to the new coronavirus (COVID-19) pandemic, including the...more
This alert reviews the impact of the Government of Japan’s recent state of emergency declaration due to the coronavirus (COVID-19) global pandemic on the practices of the Kanto Local Finance Bureau, which has switched to...more
Foreign investment trust notifications, foreign investment corporation notifications, and Article 63 notifications required to be filed prior to making a solicitation for investments to relevant Japanese investors may be...more
This is the first in a series of alerts from Morgan Lewis’s investment management team in Tokyo that summarize how the coronavirus (COVID-19) global pandemic impacts investment fund-related businesses in Japan. ...more
In an effort to increase transparency in the control of Japanese companies—and to prevent organized crime and terrorists from misusing companies—Japan has recently introduced a requirement that, in order for a company’s...more
Asset management firms—both in Japan and abroad—may need to take quick action to comply with the amended Act....more
LawFlash February 17, 2017 Financial Services Agency of Japan proposes seven principles aimed at creating a customer-oriented financial services culture. On January 19, the Financial Services Agency of Japan (JFSA) released a...more
GPs that operate limited partnerships based on the exemption under Article 63 of the FIEA and have recently completed a renewal filing around the end of the grace period (August 31, 2016) are required to prepare Form 20-2...more
Existing Article 63 Exemption Operators will be subject to new obligations and duties starting March 1, 2016.
Beginning March 1, 2016, the amendments to the exemption concerning the Special Business Activities for...more
Final text of the Regulations with respect to the Amendments promulgated has been released as well as the Response to the public comments....more
New amendments introduce a significant overhaul with respect to the Article 63 Exemption filing process and the ongoing obligations of Article 63 Exemption Operators....more
The Japan regulator is requesting filers under the Article 63 Exemption to complete questionnaires regarding their funds.
On or around March 20, registrants that operate under “Special Business Activities for Qualified...more
4/2/2015