Application/Notification concerning Foreign Account Management Institutions Q & A
Questions
About representatives
1 What kind of person is the“representative” specifically? Is it theauthorized signatory of the application/ notification document?

Answers

A “representative” is a person who represents
the business of a Foreign Account Management
Institution and is to become an addressee ofthe disposition by the competent minister. In
general, CEOs, executive officers in charge ofcustody business, etc. are considered as“representative”.
2 If there are multiple representatives, You must list at least one person.
isitnecessary
tolistallrepresentatives?
About the countries and regions in which the applicant has obtained licenses
3 If conducting management business of In the application form for Designation / thecorporate bonds, etc. in multiple notification of change, it is necessary to state
countries / regions, in the application that the applicant has obtained such a license
form for Designation / the notification in the country / region where the head officeof change, should it be stated that the or principal office is located.
applicant has obtained a license
concerning the management businessof corporate bonds, etc. in one
country / region?
4 What kind of documents concretely For example, a document issued by a foreign
show the disposition of licenses?
authority (a document delivered at the time of
granting a license, a letter certifying that alicense has been granted) and an official
gazette are acceptable.
5 Depending on the country / region, Whether such document satisfies thethere may be no document issued by requirement is judged on a case-by-case basis.
the foreign authority or nor an official If there is no document issued by a foreign
journal, and only the name, etc. may authority nor an official journal, for instance, it
be posted on the website of the is possible that a copy of the website of theforeign authority. In that case, would a foreign authority indicating that a license has
copy of the website of the foreign been granted would considered as proof. The
authorities be considered as a Financial Services Agency may inquire of thedocument proving the granting of foreign authority whether the Foreign Accountlicenses?
Management Institution has been granted suchlicenses.
About Designated Domestic Superior Institutions
6 If there are multiple Domestic At least one Domestic Superior Institutions
Superior Institutions in Japan, should should be stated. However, please keep in mind
all of the Superior Institutions in the that the submission of the application /application form for Designation / the notification document needs to go through one
notification of change be stated?
of the Designated Domestic Superior
1Institutions listed in the application form for
Designation / notification of change as a
Designated Domestic Superior Institution.
About Attachment Documents under Article 4, Paragraph 2 and Article 5, Paragraph 2 ofthe Order
7 When submitting an application or You may submit a PDF file, etc. created by
notification via the Financial Services scanning the original. However, if there is aAgency Electronic Application and need to confirm the original, we may require theNotification System, what form should original to be sent.
be attached to documents issued inpaper form by a foreign public
institution among the attacheddocuments based on Article 4,
Paragraph 2 and Article 5, Paragraph
2 of the Order? In what form should
they be attached?
About translations
8 In what cases is it not necessary to In general, if the documents are easy to read
attach a translation of the attached and the contents of the application are clear, it
documents in English?
is not necessary to attach a translation.
9 When attaching a translation, is it It is acceptable to attach a translation of only
necessary to prepare and attach a those parts that are necessary to confirm thetranslation of the entire text?
contents of the attached documents.
10 When attaching a translation, does it As long as the content of the translation ishave to be a translation prepared by a accurate, it does not need to be a translation
specialist? Also, does it need to be prepared by an expert. There is also no needcertified by the translator?
for a document certifying the translator.
About the term of validity of the attached document
11 What is the term of validity of the Although there are no legal provisions, from theattached document?
viewpoint of ensuring the accuracy of thedocuments, an attached document shall be
accepted either within 6 months from the issue/ creation date or before the expiration datestated in the document. If the validity period
has passed, the document shall be acceptedwith the following items:i) a statement that the attached document is
an authentic copy of the original document;ii) the signature of a director or corporate
secretary, or any person similar there to; andiii) the date of signature of item ii).

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