Regulatory Alerts2020-09-24
Q&A Concerning the Emergency Registration Exemption for Foreign Financial Institutions/Asset Managers
The Financial Services Agency issued this guidance to clarify the emergency registration exemption allowing foreign financial institutions to temporarily conduct business in Japan due to overseas disruptions. The document details procedural requirements including visa exemptions, tax implications, application timelines, and the ability to seek advance confirmation or extensions beyond the initial 90-day period. It further specifies operational rules regarding proxy applications, the appointment of a representative in Japan, and acceptable alternative documentation when official certificates are unavailable.
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