Comprehensive Overview of the Rules and Regulations Governing the Private Placements of Fund Interests to Japan Investors

This Client Alert provides an overview of the rules and regulations governing the private placements of fund interests to Japan investors – as well as discussing other key issues.

Specifically, this Client Alert elaborates on the following points:

1. provides an overview of the principal financial instruments business operator registrations under the Financial Instruments and Exchange Act of Japan, including the securities sales intermediary registration;
2. summarizes the key rules governing private placements of fund interests to Japan investors, including the certain key exemptions used; and
3. highlights recent developments relating to the Financial Services Agency of Japan’s Market Entry Office.