Latest Updates"Financial Services Agency" Promoting the Use of English and Establishing a Single Point of Contact for Foreign Asset Management Firms

Nov 25, 2020

On November 6, the Financial Services Agency and Local Finance Bureaus announced that they would jointly establish “Financial Market Entry Office” as a single point of contact with all the communications available in English to handle pre-application consultation, registration, and supervision for newly entering asset management firms. While the application documents for registration in English under the new regime will be acceptable on and after the effective date (January 2021) of the amended relevant regulations, pre-application consultation is available in English from November 6 onward.