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
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 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
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
I. Introduction of FIT in July 2012 -
On July 1, 2012, the Act on Special Measures concerning Procurement of Renewable Energy Sourced Electricity by Electric Utilities (Act No. 108 of 2011) (the “RE Act”) came into...more