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

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.