July 22, 2020
Updated July 8, 2022
Financial Services Agency
Partial revision of the "Reference Cases" regarding the "Independent Agent Exemption" of fund managers
The Financial Instruments and Exchange Act was amended to establish a new entry system regarding the investment management business with the updated procedures (notification) pertaining to Special Business during Transition Period.
In response, the FSA, in consultation with the relevant authorities, has revised the "reference cases" regarding the "Independent Agent Exemption" of fund managers with respect to the definition of "Investment Manager".
- "reference cases"(PDF:258KB)(Partially revised on July 8, 2022)
- "Q&A"(PDF:48KB)(Partially revised on July 22, 2020)
- ”Independent Agent Exemption”(PDF:165KB)(Partially revised on July 22, 2020)
- Contact
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Financial Services Agency, Strategy Development Division, Strategy Development and Management Bureau
foreignpr@fsa.go.jp
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