New framework protects investors

On March 13 2006, a bill concerning the Financial Instruments and Exchange Law (the FIEL) was submitted to the Diet. The FIEL will amend, with respect to various financial instruments, a number of statutes to ensure greater investor protection and to regulate traders dealing in financial instruments...

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Bibliographic Details
Published in:International Financial Law Review 2006-05, p.1
Main Author: Nagashima Ohno & Tsunematsu, Tokyo
Format: Article
Language:English
Subjects:
Annual reports
Commercial law
Financial futures
Financial instruments
Internal controls
Securities regulations
Online Access:Get full text
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Summary:On March 13 2006, a bill concerning the Financial Instruments and Exchange Law (the FIEL) was submitted to the Diet. The FIEL will amend, with respect to various financial instruments, a number of statutes to ensure greater investor protection and to regulate traders dealing in financial instruments. Under the new regime, investor protection will be broadened and strengthened, but some regulations will be eased to reduce trading costs associated with excessive restriction. The FIEL is expected to come into effect within 18 months of its promulgation.
ISSN:0262-6969