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Key Provisions of the New IDX Listing Rule and Implications for Listed Companies in Indonesia
Luciana Fransiska
- Corporate
- Corporate Governance
- Finance
- Capital Markets
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*Please note that this newsletter is for informational purposes only and does not constitute legal advice. In addition, it is based on information as of its date of publication and does not reflect information after such date. In particular, please also note that preliminary reports in this newsletter may differ from current interpretations and practice depending on the nature of the report.
I. Introduction
In January 2021, the Financial Services Agency and Local Finance Bureaus (“Japanese Regulators”) established the Financial Market Entry Office to assist foreign financial business operators seeking to register as a financial instruments business in Japan. Before the establishment of the Financial Market Entry Office, foreign financial business operators were required to prepare and file application documents in Japanese to obtain the registration to carry on a financial instruments business. However, a partial amendment to the Cabinet Office Ordinance on Financial Instruments Business, etc. was promulgated and entered into force on January 12, 2021, which allows foreign financial business operators that meet certain requirements to prepare and file application documents in English for registration as a financial instruments business in Japan.
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