The benefit of insight - why distribution in Japan calls for managed accounts
Japan's Financial Services Agency has made transparency a key requirement of financial products sold in its market, as per Basel II and some revised local laws. Caelim Parkes of MSS Capital explains how managed accounts and platforms accommodating them can satisfy regulators and investors alike
The changes to the regulatory framework in Japan in 2007 saw Japanese hedge fund investors impacted in two areas. The first change was the implementation of Basel II by the Japanese Financial Services Agency (FSA) in the spring. The second change was the revision of local securities laws, the first time this had occurred in 18 years: the new Financial Exchange and Instruments Law, which was made effective on 1 October.
See-through advantage
Transparency is the common thread in both items, and
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