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Outline of the 2019 Amendment Bill for the PSA, FIEA, and Other Statutes

This article provides a brief explanation of a bill submitted on March 15, 2019 to amend the Payment Services Act, the Financial Instruments and Exchange Act, and other statutes, which will make regulatory reforms to, among others, crypto-assets (or virtual currencies) and investment-type ICO tokens, the use and utilization of information by financial institutions, and the treatment of security interests for OTC derivatives and certain other transactions upon the commencement of reorganization proceedings.

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Finance Law Newsletter (May 2019) (974 KB / 11 pages) Download PDF [975 KB]

Authors

谷澤 進

After earning his LL.M. at Vanderbilt University Law School in the U.S., he worked as a secondee at a NY office of a leading Japanese bank and the Tokyo office of an international investment bank. Upon returning to N&A, he developed an extensive track record in a broad range of finance matters, including financial regulations, capital markets (especially REIT), ship finance, M&A in the financial sector, compliance, and communication with financial authorities. He is one of the main members of our FinTech practice team and has extensive experience with respect to FinTech-related matters, and has advised a wide variety of clients, ranging from traditional financial institutions to start-ups. He also has particular expertise in regard to the payment space. In addition, he advises clients on financial regulations in M&A transactions involving financial institutions, and has experience in a broad range of cross-border matters, including inbound and outbound transactions.