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In January 2021, the Japanese Financial Services Agency and the Finance Bureau jointly opened the Financial Market Entry Office as a centralized consultation center for overseas financial companies considering establishment in Japan. This makes it possible to handle everything from financial licensing consultation to registration procedures and, ultimately, ongoing operations, all in English and without any obstacles. We also provide advance consultation from overseas using video conferencing.
(Inquiries)
Business Hours: Weekdays 9:30 am-6:15 pm (JST)
E-mail: marketentry@fsa.go.jp
Phone: +81-3-6667-0551 (direct line)
Address: 7th Floor, FinGATE TERRACE,
8-1 Nihonbashi-kabuto-cho, Chuo-ku, Tokyo
Current Status |
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Solution |
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"Financial Market Entry Office" was launched by the JFSA in January 2021 →One-stop English support services for pre-application consultation, registration procedures, and ongoing operations |
Normally, the investment management business requires various registration, and the approval process for these registrations takes a considerable amount of time. However, we took steps to simplify market entry procedures. For example, by adopting a simplified registration system for asset managers of funds mainly targeting overseas professional investors and for asset managers with a business track record overseas or those licensed by overseas authorities.
Click here for consultation Click here to see the detailed procedures
Current status |
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In principle, even an asset management firm that serves overseas professional investors (institutional investors) is required to be registered with JFSA in order to conduct asset management business in Japan. Moreover, registration procedures could take some time even for an asset management firm with a proven track record overseas |
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Facilitate overseas asset managers’ entry by introducing the following programs:
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1. Specially permitted investment management business for Offshore Professional Investors, etc. (Article 63-8 to 63-15 of the revised Financial Instruments and Exchange Act) | 2. Specially permitted investment management business during Transition Period (Article 3-3 of supplementary provisions of the revised Financial Instruments and Exchange Act) | ||
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Matters required to be entered |
Notification to competent authority in Japan (not required to register) [Grounds for disqualification] Lack of adequate human resources or systems, existence of any officers or employees who are not fit and proper, not having physical facilities located in Japan, etc. |
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The amount under management subscribed to by non-residents must exceed 50% of the total amount under management. | Having the approval, license or registration of overseas authorities (limited to the authorities located in Australia, France, Germany, Hong Kong, Singapore, Switzerland, UK and US) relating to fund management business, and a track record (not less than 3 years) in asset management business. | ||
Scope of Business |
Investment management business (Limited to operation of collective investment schemes) |
Investment management business currently conducted overseas under the approval, license or registration of overseas authorities ((a) operation of offshore collective investment schemes, (b) operation of foreign investment trust funds, and (c) investment management based on discretionary investment contracts) |
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Scope of Investors |
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Investment property | No limit | Investment in any securities to which the voting right of any company incorporated in Japan pertains must not exceed 50% of assets under management by the notifying person. | |
Amount | No limit of total amount under management | ||
Duration | No limit |
Up to 5 years from the date of notification has been filed (Notification under this new regime shall be filed only within 5 years from the effective date of the revised FIEA) |
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Solicitation for acquisition of fund-shares | The notifying person is also able to solicit for fund-share acquisition that they conduct as an investment management business under this new regime, without registration. |