2024 was a year of meaningful regulatory change for asset managers globally. The regulatory activity was wide ranging and without a particular unifying theme. In fact, the wide, and in cases diverging focuses of key global...more
2/12/2025
/ Asset Management ,
Australia ,
Capital Markets ,
Cryptoassets ,
Cryptocurrency ,
Disclosure Requirements ,
Enforcement Actions ,
Environmental Social & Governance (ESG) ,
Fiduciary Duty ,
Financial Services Industry ,
Foreign Investment ,
Hong Kong ,
Investment Firms ,
Investment Funds ,
Investment Management ,
Investors ,
Japan ,
Regulatory Requirements ,
Securities ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Singapore ,
Sustainability ,
Sustainable Finance
On 28 October, US Treasury issued new rules that restrict investment in Chinese development of semiconductors, quantum computing and AI (Covered Activity). Taking effect on 2 January 2025, the new rules are based on findings...more
INTRODUCTION -
Asset managers (i.e., investment advisers) offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation...more
7/16/2024
/ Asset Management ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Green Finance ,
Greenhouse Gas Emissions ,
Investment Adviser ,
Investment Funds ,
Investment Management ,
Private Funds ,
Regulatory Oversight ,
Regulatory Standards ,
Securities and Exchange Commission (SEC) ,
Sustainability ,
Sustainable Finance
Introduction - On 29 January 2024, the Office of the Comptroller of the Currency (OCC) issued a notice of proposed rulemaking (NPR) regarding its review of Bank Merger Act (BMA) applications. The NPR was released immediately...more
Asset managers (i.e., investment advisers) offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental,...more
2/7/2024
/ Asset Management ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
Green Finance ,
Investment Adviser ,
Investment Funds ,
Investment Management ,
Private Funds ,
Regulatory Standards ,
Securities and Exchange Commission (SEC) ,
Shareholders ,
Sustainability ,
Sustainable Finance ,
Trusts
Investment advisers offering funds in more than one country are accustomed to adapting to different regulatory requirements. However, the challenges presented by the global regulation of environmental, social, and governance...more
11/10/2023
/ Asset Management ,
Code of Conduct ,
Corporate Governance ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Services Industry ,
Investment ,
Investment Adviser ,
Investment Management ,
Regulatory Standards ,
Securities and Exchange Commission (SEC) ,
Sustainability ,
Sustainable Business Practices
In November of 2021, Japan adopted two licensing exemptions aimed at assisting foreign asset managers who intend to open offices in Japan. This is another important step forward for Japan’s International Financial City...more
INTRODUCTION - We’ve heard a lot over the past year about Environmental, Social and Governance (ESG) regulatory developments affecting asset managers in the European Union, which is regarded as leading the way on ESG...more
1/18/2022
/ Asset Management ,
Corporate Social Responsibility ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Hong Kong ,
Investment Funds ,
Investment Management ,
Japan ,
Sustainability ,
UK
Japan is making bold policy and legislative actions to reshape its regulatory landscape for the asset management industry, aiming to invite more foreign asset managers to Japan and further elevate Japan’s status as a global...more
INTRODUCTION - The Commodity Futures Trading Commission (CFTC or Commission) recently voted 3–2 to approve a final rule (Final Rule) on the cross-border application of certain swap provisions under the Commodity Exchange Act...more
On May 8, 2020, Japan’s expanded foreign investment review requirement went effective. Upon expiry of the 30-day transition period, i.e., on June 7 and onwards, any investment or activity that constitutes “Foreign Direct...more
Background - On April 7, 2020, the Cabinet of Japan approved a supplementary appropriation bill (the “Bill”), which included a JPY 108 trillion (US$997 billion) economic stimulus package in light of the COVID-19 outbreak (the...more
On January 30, 2020, the Board of Governors of the Federal Reserve System, the Board of Directors of the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange...more
On November 22, the Japanese National Diet, the Japanese national legislature, passed an amendment bill to the Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended) (the “FEFTA”) to expand the scope of...more
On May 31, 2019, the National Diet, the Japanese national legislature, passed an amendment bill to the Payment Services Act (the “PSA”) and the Financial Instruments and Exchange Act (the “FIEA”), which was promulgated on...more
Those hoping California lawmakers might delay or significantly narrow the scope of the California Consumer Privacy Act (“CCPA”) before it takes effect on January 1, 2020, were disappointed last week, when the legislature...more
9/20/2019
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Cybersecurity ,
Data Collection ,
Data Privacy ,
Data Protection ,
Personal Information ,
Popular ,
Privacy Laws ,
Private Right of Action ,
Right to Delete
The Japanese government recently announced amendments (the Amendments) to certain regulations under Japan’s Foreign Exchange and Foreign Trade Act (Act No. 228 of 1949, as amended) (FEFTA) expanding the scope of industries...more
In December 2018, the Financial Services Agency of Japan (the “JFSA”) proposed amendments to its regulations under the Banking Act of Japan to introduce a new risk retention rule applicable to collateralized loan obligations...more
Background - On 17 July 2018, the European Union (the “EU”) and Japan reached an agreement to recognize each other’s data protections systems as “equivalent”, and each commits to complete internal procedures by fall 2018 (the...more
8/28/2018
/ Corporate Counsel ,
Cybersecurity ,
Data Collection ,
Data Processors ,
Data Protection ,
EU ,
EU Data Protection Laws ,
European Commission ,
European Economic Area (EEA) ,
General Data Protection Regulation (GDPR) ,
International Data Transfers ,
Japan ,
Personal Data ,
Popular
On May 17, 2017, the Japanese Diet passed an amendment bill (the “2017 Amendment”) to the Financial Instruments and Exchange Act of Japan (Act No. 25 of 1948) (the “FIEA”). The 2017 Amendment includes new regulation on...more
Does your business outside of Japan receive any personal information from Japan, perhaps from your affiliates, business partners, or customers based in Japan? Does your business in Japan transfer any personal information...more
On May 27, 2015, an amendment bill to the Financial Instruments and Exchange Act of Japan (“FIEA”) passed the Diet, which would come into effect sometime next year but no later than June 3, 2016 (“2015 Amendment”). The 2015...more
On March 24, 2015, an amendment bill (“Amendment Bill”) to the Financial Instruments and Exchange Act of Japan (“FIEA”) was approved by the Cabinet and was submitted to the Diet for its consideration. The Amendment Bill...more
In this issue:
Legislative Updates:
- (i) USA
- (ii) EU
- (iii) China
- (iv) Australia
- (v) Japan.
- Featured Articles:
- (i) Caffeinated Energy Drinks - a Global Perspective
- (ii)...more
10/10/2013
/ Advertising ,
Animal Testing ,
Australia ,
Cosmetics ,
Energy Drinks ,
EU ,
Federal Trade Commission (FTC) ,
Food Labeling ,
Health Claims ,
Japan ,
Medical Devices ,
Personally Identifiable Information ,
POM Wonderful
On April 5, 2013, Japan’s Cabinet Office approved a new food labeling bill which is being raised in the National Diet (Diet) at this year’s session. If the bill (to be known as the Food Labeling Act once adopted by the Diet)...more