Japan’s Financial Services Agency Proposes Amendments to Two Key Finance Laws
Japan’s Financial Services Agency (Japan financial regulator) submitted a bill to the 221st Diet and released outline and explanatory materials alongside the proposal.
Summary
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Terms & Concepts
Financial Instruments and Exchange Act: A Japanese law governing financial products, securities trading, and market conduct.
Payment Services Act: A Japanese law covering payment providers and related financial service operations.
Diet: Japan’s national legislature, where bills are submitted for debate and approval.