JAPAN: Amendments to The Retail Mutual Funds (Japan) Regulations (2007 Revision)

Tuesday September 11 2012

Funds-Axis would like to draw your attention to the Amendments to The Retail Mutual Funds (Japan) Regulations (2007 Revision) which were implemented on 31 August 2012.

Please refer to the link below for a full copy of the amended Regulation:

http://gazettes.gov.ky/sites/default/files/extraordinary-gazettes-supplements/Es252012.pdf

The amendments were made to ensure that the Regulations are in line with changes to the corresponding rules in Japan and their practical application. The majority of the amendments are to the provisions of the Regulations which restrict the investment activities of retail mutual funds. In particular, the restriction on acquiring the shares of any one company will no longer apply if the company in question is an investment company. In addition, the restriction on acquiring an investment, which is not listed on an exchange or which is not readily realisable, will not apply if the method of valuing such investment is clearly disclosed in the retail mutual fund`s prospectus.

Should you wish to discuss any of the matters raised above, please do not hesitate to email info@funds-axis.com