History
1984
Relevant
Legislation

1985

1991

1992

2001

2002

2003

May 15th

Jun. 27th

Law Concerning Central Securities Depository
and Book-entry Transfer of Stock Certificatesand Other Securities [CSD Law] promulgated(effective Nov. 14th)

Law for Partial Amendments to the Law
Concerning Central Securities Depository andBook-entry Transfer of Stock Certificates andOther Securities as well as the Act on Transferof Short-term Bonds, etc. promulgated (fullyeffective April 1st, 2002)

Jun. 12th
Act on Improvement, etc. of Laws Related to the Improvementof the Securities Market through a Reform of the Securities
Settlement System, etc. promulgated (Act on Transfer ofShort-term Bonds, etc. as amended to the Act on Transfer ofBonds, etc. and the Securities and Exchange Act amended
upon establishment of the clearing organization system)

Organization of
JASDEC andits Subsidiary

Dec. 6thNov. 2nd

Japan Securities Depository Center (JASDEC)
established as a foundation

Detailed plan for conversation of JASDEC to a
joint-stock company announced

May 27thJan. 4th

JASDEC designated as a depositoryorganization under CSD Law

Japan Securities Depository Center, Inc. establishedJun. 17th
Japan Securities Depository Center, Inc. takes over all
depository and Book-entry transfer operators from theJASDEC Foundation, which is dissolved.

Jan. 10th
JASDEC resolves official designation as a Book-entry
transfer institution under the stipulations of the Act on
Transfer of Bonds, etc.

Jun. 6th
JASDEC DVP Clearing Corporation [JDCC] established

Operation ofSystem

Oct. 9th

May 1st

Depository and Book-entry transfer
business starts (initially for 50 listed
stocks on the TSE)

JASDEC launches proprietary system for DVP
settlement of exchange trades

Oct. 9th
Computer system for depository andBook-entry transfer begins operationSep. 10th
Pre-Settlement Matching System (PSMS) starts

Nov. 26th
Handling of convertible bonds starts

Oct. 9th

Jan. 4th

Full-scale depository and Book-entry
transfer business starts

JASDEC launches Securities Information Tracing
System (SITRAS) for lost stocks

May 8thMar. 31st

New depository and Book-entry
Transfer System launched

JASDEC inaugurates Book-entry Transfer System for
Short-Term Corporate Bonds (Commercial Paper)- 43 -2004

2005

2006

2007

2008

2009

2010

2014

2015

Jun. 9th

Jan. 5th

Law for Partial Amendments to the Act on Transfer ofBonds, etc. for the purpose of Streaming the Settlementfor Trades of Stocks and Other Securities (Securities TradeSettlement Streaming Law) promulgated

Securities Trade Settlement Streaming Law enacted (theAct on Transfer of Bonds, etc. as amended to the Act on
Transfer of Bonds, Shares, etc.), and Law Concerning
Central Securities Depository and Book-entry Transfer ofStock Certificates and Other Securities abolished2016

Apr. 6thJul. 24th

JDCC obtains a license as a securities obligation
assumption business so it can act as a clearingorganization pursuant to the Securities andExchange Act

JASDEC adopts the structure of a Companywith Nominating Committee, etc.

Feb. 12th
Osaka Office establishedMay 17th

Jan. 4th

Jul. 1st

DVP Settlement for Non-Exchange
Transaction Deliveries (NETDs) starts

JASDEC inaugurates Book-entry Transfer
System for Investment Trusts

JASDEC inaugurates Japanese Depository Receipts
in Book-entry Transfer System for Stocks, etc.

Feb. 14th

Jan. 4th

Jan. 6th

JGB repo and gensaki (transactions withrepurchase agreement) added to the list oftargets of PSMSJASDEC inaugurates Book-entry Transfer
System for Investment Trusts on stockexchanges for exchange-traded funds.

JASDEC launches new system introducingISO 20022-based format, tolerance matchingfor non-residents’ transactions, and DVP
settlements for stock lending transactions

Jan. 10th

Jan. 4th

JASDEC inaugurates Book-entry Transfer
System for Corporate Bonds

Operations of SITRAS terminates

May 1stJan. 5th

JASDEC inaugurates Custody Services for
Foreign Stock Certificates, etc.

JASDEC inaugurates Book-entry
Transfer System for Stocks, etc.

- 44 -http://www.jasdec.com/en/

Daini-Shoken Kaikan Bldg., 1-1, Nihombashi-Kayaba-cho 2-chome, Chuo-ku, Tokyo 103-0025, JAPAN TEL +81-3-3661-0139