JAPAN: FSA publishes feedback on Japan takeovers consultation and announces implementation date

Monday October 29 2012

Further to the update of 3 July, the FSA has published feedback to the consultation it held on amendments to the Japan takeover rules as contained in the Financial Instruments and Exchange Law Enforcement Ordinance. 

Changes to the rules have been approved and will enter into effect on 31st October. The amended rules will 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.

Click on the above link for more details.