JAPAN: FSA publishes consultation on amendments to Japan takeover rules

Tuesday July 3 2012

The FSA has published for public comment proposed revisions to the Financial Instruments and Exchange Law Enforcement Ordinance and related Cabinet Office ordinances in connection with Japan takeover rules. The proposed rules would alter the scope of application of the 5% tender offer rule under Article 27-2 of the FIEL, introducing an exemption for proprietary trading transactions. The consultation will be open until 5pm on 26th July 2012, with the amendments expected to enter into force in October 2012.

The documents are only available in Japanese.

Click on the above link for more details.