When an overseas securities company opens a new base in Japan, all procedures can now be done in English.
The Financial Services Agency wants to attract foreign capital and revitalize transactions on the Tokyo Stock Exchange and other exchanges.
The Financial Services Agency has revised the Cabinet Office Ordinance so that overseas securities companies entering the Japanese market can perform all procedures for opening a base in English.
Until now, procedures in English only have been permitted only for asset management companies, and when an overseas securities company opens a base, it was necessary to prepare application documents in Japanese.
By expanding the scope of procedures in English to securities companies this time, we aim to attract not only large companies that have already entered the market but also small and medium-sized securities companies.
The Financial Services Agency wants to attract financial-related human resources from overseas and to revitalize transactions such as the Tokyo Stock Exchange toward the realization of an international financial center.
Ayako Nakagawa, Counselor of the Financial Services Agency, said, "Overseas financial companies and advanced financial human resources will be more likely to enter Japan, and asset management will become more sophisticated, financial products will diversify, and financial innovation will progress in Japan. I hope it will be effective. "