On 11 April 2017, the Government Pension Investment Fund (“GPIF”) of Japan asked for RPFs from alternative investment managers particularly specializing in private equity, infrastructure and real estate. As part of this move to a greater diversity in pension fund allocations out of Japan, applicants are required to be licensed for investment management business under the Financial Instrument and Exchange Act (“FIEA”) of Japan or apply for the selection jointly with a qualified domestic asset manager.
In March 2017, the JFSA also launched the “Financial Market Entry Consultation Desk” to give advice on Japan’s financial regulations to foreign financial business operators, including asset management firms which plan to establish a business base in Japan. The consultation desk cooperates closely with the Tokyo Metropolitan Government’s “Financial One-Stop Support Services” to support foreign financial business operators to set up offices in Tokyo. When contacting the JFSA’s consultation desk, you should provide the name of your organisation, phone number, email address, outline of the business that you are planning to operate in Japan, if any, and, the URL of your organisation’s website that describes your organizational profile (if any). For further information, please click here
We set out the key requirements to apply for a licence for investment management and provides some practical tips on licensing asset managers in Japan.