The objective of this research is to distill the key principles and critical details of the proposed amendment to the Financial Instruments and Exchange Act. This amendment aims to provide overseas capital and individual investors with a fresh opportunity to engage in the financial sector, enabling them to enter a relatively unexplored market that holds significant potential for growth and development.

Japan

The amended Financial Instruments and Exchange Law, which incorporates deregulation to facilitate the establishment of new asset management firms, was approved and enacted during a plenary session of the House of Councillors on March 15, 2024. This revised legislation aims to foster an environment conducive to necessary regulatory changes, such as reducing entry barriers and encouraging the trading of unlisted stocks, with the ultimate goal of positioning Japan as a prominent hub for asset management. With the exception of certain provisions, the law is set to come into force within one year, presenting a significant opportunity for long-term business planning and expansion in Japan.

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