Japan: Revision to TSE Rules on Mothers
Nagashima Ohno & Tsunematsu, Tokyo |
November 01, 2009
Back to international briefings menu
Nagashima Ohno & Tsunematsu
Address
Kioicho Building, 3-12,
Kioicho, Chiyoda-ku
Tokyo 102-0094
Japan
Telephone
+81 3 3288 7000
Fax
+81 3 5213 7800
Visit Website
On November 11 1999, the Tokyo Stock Exchange (TSE) established a new market named Mothers for high-growth and emerging stocks. Over the course of its 10-year existence, a total of 250 emerging companies listed on Mothers. Because of market and economic changes since its establishment, the TSE has recently announced plans to refocus the objective of Mothers.
When Mothers was first established the TSE's listing requirements were minimal, in order to give more emerging companies an opportunity to list their shares. However, over the past 10 years the requirements for companies choosing to list on Mothers have steadily become more stringent. In addition, because of amendments to the Financial Instruments and Exchange Act, formerly known as the Securities and Exchange Law, companies listed on Mothers are now required to...
The rest of this article is available to subscribers only. Subscribe today for full access to this article.
Alternatively take a free trial, giving you access for 48 hours*.
If you are already a subscriber, please log in below to access the rest of this article.
*some articles may be excluded.