Limited Type 1 Dealer Registration – An update on the 2025 Amendments to the FIEA

The 2025 amendments to Japan’s Financial Instruments and Exchange Act (FIEA) introduce a streamlined registration framework for Limited Type 1 Dealers, aimed at easing entry for foreign firms engaged in private placement and secondary trading of bonds.

This Client Alert outlines the key eligibility criteria, operational scope, and compliance obligations under the revised regime, offering practical insights for market participants considering registration or restructuring their Japan-facing operations.