<p><span>In order to expand Japan’s role as an international financial center, the Japanese Government is committed to making its capital markets more attractive with strategic initiatives and to creating an environment that attracts foreign businesses and highly-skilled foreign professionals.</span></p>
<p><span>The Financial Services Agency (“FSA”) and Local Finance Bureaus (”LFBs”) established the ”</span><a target=" blank" href="https://www.fsa.go.jp/en/policy/marketentry/index.html">Financial Market Entry Office</a><span>” (the ”Office”) on January 12, 2021 to handle all the regulatory processes of pre-application consultation, registration, and supervision post registration for newly entering asset management firms as a single point of contact with all the communications available in English.</span></p>