Japan Establishes New Exempted Structures for Investment Management Businesses

Authors: Attorney-at-Law Tomohiro Kandori
Attorney-at-Law Makoto Hibi
July 2021

The Financial Services Agency of Japan will introduce new business structures to attract foreign investment management businesses, where they may enjoy exemption from registration as a financial instruments business operator. The new exemption structures will come into force by November 2021. In this Newsletter, we will provide an overview and describe the key requirements of these exemptions.

  1. Background
  2. Registration requirements under the current FIEA for self-offering of interests in and management of partnership-type funds
  3. Overview of the requirements for the new exemptions

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