On March 3 2017, the bills for amending the Financial Instruments and Exchange Act (the Amendment Bills) were submitted to the Diet. They set out some basic rules surrounding the fair disclosure rule, the introduction of which is in line with an international trend – the US and EU have already introduced similar disclosure rules. The main purpose of the fair disclosure rule is to ensure that when a company provides inside information to a third party before its public disclosure, such information is also provided to other investors.
April 24 2017