Skylands Global Launches its Japanese Regulatory Compliance Consulting and Documentation Agency Services

Financial Services Agency of Japan sets March 1st as the enforcement date of the revised FIEA of 2015

Feb 24, 2016, 10:07 ET from Skylands Global LLC

MAHWAH, N.J ., Feb. 24, 2016 /PRNewswire/ -- Skylands Global LLC ('Skylands Global') today announced the launch of its consulting services to help investment fund management companies meet the revised provisions of the Financial Instruments and Exchange Act of Japan ('FIEA'). March 1st, 2016 is the enforcement date of the revised FIEA impacting all Specially Permitted Business Operators and Specially Permitted Investment Management Business Operators for Qualified Institutional Investors (collectively 'SPO'). 1

As of January 2016, the Financial Services Agency of Japan reported that 2,723 entities were currently filed as Specially Permitted Business Operators, of which approximately 28% or 750 were the foreign filers. Additionally, 787 SPOs were reported in violation of the operations permitted under the SPO's exempt status. 2

"Skylands Global is excited to offer practical, cost and time efficient solutions to investment managers globally to help them meet the expanded regulatory requirements. The revised FIEA of 2015 was introduced to strengthen investor protection and integrity of the Japanese financial instruments market while preserving the exempt options for institutional fund business operators. March 1st, 2016 is the compliance deadline of these new regulations for the new applicants of SPO. For the existing SPOs, some of the provisions are effective March 1st while the bulk is due September 1st. This does not leave much time for those affected but to spring into action," said Mami Ogawa-Erber, Managing Partner of Skylands Global.

Note 1: For the English version by the Kanto Local Finance Bureau of the 'Notice Regarding Regulatory Revisions of Financial Instruments and Exchange Act', please visit

Note 2: For the list of 'Business Operators, etc., Engaging in Specially Permitted Businesses for Qualified Institutional Investors, etc.', please visit ttp://

About Skylands Global LLC

Skylands Global LLC is a compliance and business development advisor to investment management and financial services companies worldwide, providing regulatory compliance, business development and investor relations (IR) consulting and agency services. For more information, visit


The information contained on this press release and the company website has been prepared for information purposes only, and does not constitute legal, tax, accounting or investment advice; and should not be construed as, an offer, invitation or inducement to engage in investment activity. 

Mami Ogawa-Erber  
+1 (646) 770-7122

SOURCE Skylands Global LLC