On Mar. 11, 2025, JPN FSA issued consultation feedback after receiving 51 comments.
JPN FSA mainly clarified scope, but re the Cabinet office order, it revised the definition of specified structured notes to adjust scope, adjusted disclosure rules re trust fees.
Re supervision guides, JPN FSA clarified that employee secondment must be disclosed.
JPN FSA finalized its revisions, and it stated that the Cabinet office order, published on the Official Gazette the same day, and supervision guides, are effective Dec. 1, 2025.
On Dec. 20, JPN FSA proposed rules on the provision of information.
Mainly concern necessary amendments to require disclosure to customers in relation to matters associated with potential conflicts of interest with them.
Consultation Period
Comments on the public consultation should be received by Jan. 21, 2025.
Mar. 2025 Response to Comment
On Mar. 11, 2025, JPN FSA issued consultation feedback after receiving 51 comments.
JPN FSA mainly clarified scope, but re the Cabinet office order, it revised the definition of specified structured notes to adjust scope, adjusted disclosure rules re trust fees.
Re supervision guides, JPN FSA clarified that employee secondment must be disclosed.
JPN FSA finalized its revisions, and it stated that the Cabinet office order, published on the Official Gazette the same day, and supervision guides, are effective Dec. 1, 2025.
Regulators
JPN FSA
Entity Types
B/D; Corp; IA; Inv Co
Reference
OG 48, Ord 14, FS, PR, 3/11/2025; CP, PR, 12/20/2024; Ord 50 of 2023; Ord 101 of 2024; FIBO;
