Financial Instruments and Exchange Act
From Wikipedia, the free encyclopedia
The Financial Instruments and Exchange Act (金融商品取引法, Kin'yū shōhin torihiki-hō), is a Japanese law that is the main statute codifying securities law and regulating securities companies in Japan. It was promulgated on June 14, 2006.
The law provides for:
- Registration and regulation of broker dealers and their registered representatives
- Corporate financial disclosure obligations applicable to public companies, investment trusts and similar entities
- Tender offer rules
- Disclosure obligations applicable to large shareholders in public companies
- Internal controls in public companies; in this role the law is often referred to as J-SOX, a reference to the American Sarbanes-Oxley Act (SOX).