[Newsletter] Policy Research Institute: "Report of the Working Group on Capital Market Regulations and Asset Management Task Force of the Financial System Council"

Report of the Working Group on Capital Market Regulations and Asset Management Task Force of the Financial System Council -“Product Governance” and “Rectifying Japan‘s unique business practices in investment trusts”-

The Financial Services Agency of Japan recently published a “Report of the Working Group on Capital Market Regulations and Asset Management Task Force of the Financial System Council" (the “Report”), which describes a strategy for improving the capabilities of asset management companies who are playing important roles in managing financial assets and making returns for households. The strategies include promoting a virtuous cycle of growth and asset-based income in the investment chain through enhancing fund-raising for startups and feeding those returns back to households, and promoting initiatives for achieving a leading asset management center.

This newsletter discusses the section of the Report on “Product Governance” and “Rectifying Japan‘s unique business practices in investment trusts”.  While the contents of the Report are not indicative of an imminent change in the law, we believe that the statements will have an impact on practice.

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