Asset Managers & FinTech Companies Registration Guidebook

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Ⅱ. Financial Licenses and Procedures ............................................................ 20 1. Licenses Related to Asset Management Business .................................. 20 2. Licenses Related to FinTech Business .................................................. 41 (1) Types and Outline of Licenses ...................................................................... 20 a. Investment Advisory and Agency Business .................................................. 20 b. Investment Management Business ............................................................. 21 c. Type 1 Financial Instruments Business ........................................................ 21 d. Type 2 Financial Instruments Business ........................................................ 22 e. Specially Permitted Businesses for Qualified Institutional Investors, etc. (Private Placement (Self-Offering), Fund Management) ............................................. 23 f. Investment Management Business for Qualified Investors ............................. 24 g. Specially Permitted Businesses for Overseas Investors, etc. ........................... 24 h. Transitional Period Specially Permitted Business ........................................... 25 (2) Major Structures ........................................................................................ 27 a. Investment advisory business .................................................................... 27 b. Investment management business ............................................................. 28 c. Intermediation between an investment management/investment advisory company and its customers ....................................................................... 30 d. Solicitation or sales of funds established by other investment management companies ............................................................................................... 30 e. Establishment of a foreign business operator’s representative office for collecting information in Japan ................................................................................. 32 (3) Registration Procedures .............................................................................. 32 a. Overview of registration screening procedures and registration application documents .............................................................................................. 32 b. Registration Requirements for Each Financial Instruments Business ................ 36 c. Requirements related to personnel structure and systems ............................. 36