With a view toward promoting environmental, social, and governance (ESG) investments and building a more sustainable society, the Japan Financial Services Agency (FSA) has proposed new.
<p><span>Asset managers, who engage in asset management with professional expertise, play very important roles in revitalizing the Japanese capital market and achieving people’s stable asset building.</span></p>
<p><span>On May 19, 2021, the "The Act Partially Amending the Banking Act, etc. for Ensuring Reinforcement and Stability of Financial Functions in Response to Socioeconomic Changes due to the Impact of the COVID-19 Infection" was enacted and on May 26, 2021, it was promulgated, and it came into effect on November 22, 2021. As a result of this amendment, the Financial Instruments and Exchange Act (FIEA) was partially amended, and a new entry system by notification was established in addition to the existing registration and notification system.</span></p>