Overseas fund New rule to start operations even when temporarily evacuated to Japan Financial Services Agency July 31, 22:52
The FSA has established rules that allow overseas investment funds to start business immediately if they temporarily evacuate to Japan, avoiding disasters and political unrest. There is a possibility that a financial institution that wants to leave Hong Kong, where China is increasingly involved, may choose Japan as the relocation destination.
Registrations based on the Financial Instruments and Exchange Act are required for overseas investment funds and asset management companies to set up bases in Japan and start operations, which usually takes about half a year.
It was necessary to register to evacuate to Japan temporarily to avoid a large-scale disaster or political instability, and to continue business, but if the FSA temporarily relocates, you can work for 3 months if you apply. I have set the rules.
This will allow investment funds to start operations in as little as 3 business days. If it is difficult to return to the site, extension is allowed.
With the view that more and more financial institutions will move away from Hong Kong, where China's involvement is intensifying, as the “Hong Kong National Security Maintenance Act” comes into force, there is a possibility that Japan will be selected as the relocation destination due to new rules.
The government's bold policy includes a policy of increasing the acceptance of overseas financial institutions as "aiming to establish an international financial city", and the FSA has decided to urgently improve the environment.