A typical example is the case where an intermediary company based in Japan conducts intermediation for an d. (Prepared based on Page 41 of the FSA Guidebook （https://www.fsa.go.jp/en/policy/marketentry/guidebook/E01.pdf#page=41）) c. Intermediation between an investment management/investment advisory company and its customers Solicitation or sales of funds established by other investment management companies (2) When notification of Specially Permitted Business for Qualified Institutional Investors, etc., is made in advance in relation to private placement (self-offering) of a partnership-type fund (Article 63 of FIEA). (3) When notification of Specially Permitted Businesses for Overseas Investors, etc. (Article 63-8 of FIEA) or Transitional Period Specially Permitted Business (Article 3-3(1) of the Supplemental Provisions of FIEA) has been made. investment management/advisory company which is a foreign company in the same group with respect to the execution of a discretionary investment contract or an investment advisory contract with its domestic customers. It is necessary to register as an Investment Advisory and Agency Business to act as an agent or intermediary for the execution of discretionary investment contracts or investment advisory contracts with domestic customers. As illustrated below, a typical example is where (1) a distributor based in Japan is engaged by an investment management company based in a foreign country to conduct solicitation/sales of funds it operates for domestic investors, or (2) a securities company based in a foreign country sells funds and other financial instruments to Japanese domestic investors. In order to solicit a domestic investor for the acquisition of interests in a fund (partnership-type, trust-type, or company-type), registration as a Type 1 or Type 2 Financial Instruments Business Operator is required depending on the type of the securities. 30
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