NO&T Japan Legal Update
I. Introduction
On May 17, 2017, the Act for Partial Revision of the Financial Instruments and Exchange Act of Japan (the ‘FIEA’) was enacted and a fair disclosure rule was introduced in Japan for the first time (the ‘FD Rule’).
Once the FD Rule comes into effect, it will prohibit Japanese listed companies from making selective disclosures to certain types of recipients. The objectives of the FD Rule are to ensure the fair and timely disclosure into the public domain of material information about the disclosing company and to prevent market participants with access to selective disclosures from making a profit or avoiding a loss at the expense of other participants who may not have received such disclosures.
The FD Rule is similar to Regulation FD in the US. It is due to come into effect by no later than May 24, 2018.
Rashmi Grover
Anastasia Jessica Maureen
(December 2024)
Hiromi Hattori, Yuichi Miyashita (Co-author)
Yuan Yao Lee
Rashmi Grover
Anastasia Jessica Maureen
(January 2025)
Shunsuke Minowa, Yothin Intaraprasong, Ponpun Krataykhwan, Nopparak Yangiam, Salin Kongpakpaisarn, Poonyisa Sornchangwat (Co-author)
Anastasia Jessica Maureen
Motoki Saito, Gaku Oshima, Yuta Kawamura (Co-author)
(April 2025)
Keiji Tonomura, Shu Sasaki, Kazuyuki Ohno, Otoki Shimizu (Co-author)
(March 2025)
Masayuki Fukuda, Motohiro Yanagawa, Hideaki Suda (Co-author)
(December 2024)
Hiromi Hattori, Yuichi Miyashita (Co-author)
Motoki Saito, Gaku Oshima, Yuta Kawamura (Co-author)
(December 2024)
Hiromi Hattori, Yuichi Miyashita (Co-author)
Motoki Saito
(January 2025)
Shunsuke Minowa, Yothin Intaraprasong, Ponpun Krataykhwan, Nopparak Yangiam, Salin Kongpakpaisarn, Poonyisa Sornchangwat (Co-author)
