JPN FTC Specified Consignee Trades

On Apr. 12, JPN FTC proposed lower statutes re consignee trades.

  • JPN FTC proposed the Order for enforcement of the act on optimization of transactions concerning specified consignees, in accordance with the enacted upper act.
  • Follows JPN FTC May 2023 updated on establishment of new legislation, see #172556.
  • Enactment
  • Proposal involves Ordinances for enforcement of the act on optimization of transactions re specified consignees related to JPN FTC and JPN MHLW; and Guidelines for specified consignees to display recruitment information, etc., appropriately.
  • Guidelines of the act on optimization of transactions concerning specified consignees; Guidelines concerning the relationship among the Specified consignees act, the Antimonopoly act, as well as the Subcontracting act in terms of legal application.
  • Stipulates the period for prohibited acts as 1 month; specifies matters re recruitment information to be displayed accurately incl. on details of tasks, location, period, and time of work, remuneration, contract termination, persons recruiting consignees.
  • Prescribes the period subject to prior notification re childcare, nursing as six months.
  • Consultation Period
  • Comments by May 11, 2024 for planned effectiveness from Nov. 1, 2024.
  • Apr. 18, 2024 Editorial Note
  • On Apr. 18, 2024, Reg-Track added a link to an identical release from JPN GVT, which was received on Apr. 15, and added JPN GVT as a regulator in the regulator field.
  • May 31, 2024 Public Comments
  • On May 31, 2024, JPN FTC published 114 public comments received, and its responses.
  • Revised the date of effectiveness of the Ordinance for enforcement of the act on optimization of transactions re specified consignees related to JPN FTC, to the date of enforcement of the Act on optimization of transactions re specified consignees.
  • Also stipulated in the Guidelines of the act on optimization of transactions concerning specified consignees that when specifying the remuneration amount of consignees, it is desirable to disclose not only the base price but also the consumption tax amount.
  • Where the amount of remuneration, including consumption and local consumption tax, is specified in the inclusive tax method, such intention should be clearly stated.
  • The revised order for enforcement will be implemented from Nov. 1, 2024.

Regulators JPN FTC; JPN GVT; JPN MHLW
Entity Types CNSM; Corp
Reference RF, FS, Rsp 5/31/2024; CP 4/12/2024; Law 51 of 2009; Law 25 of 2023; APPMMFT;
Functions Compliance; Financial; HR; Legal; Market Conduct; Operations; Outsourcing; Risk; Treasury
Countries Japan
Category
State
Products Corporate; Payments
Regions AP
Rule Type Final
Rule Date 4/12/2024
Effective Date 11/1/2024
Rule Id 208209
Linked to Rule :172556
Reg. Last Update 5/31/2024
Report Section International

Last substantive update on 06/05/2024