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■ Establishment and Enforcement of Self-Regulatory
Rules
| JIAA is dedicated to promoting fair business
conduct by members and enhancing social confidence. It strives
to do this by establishing self-regulatory rules, providing members
with onsite guidance, helping members comply with those rules
by conducting several questionnaires, and taking disciplinary
actions if necessary in order to protect investors.
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■ Representation and Advocacy before Relevant Authorities
for Deregulations
JIAA actively presents its positions
before the government authorities and other organizations concerned.
The main examples of deregulations and such like so far are as follows.
| (1) |
Licensed investment advisers have been allowed to participate
in managing the assets of employees’ pension funds since April
1990. Thereafter, they have been allowed to participate in
managing the assets of various pension funds such as the Pension
Welfare Service Public Corporation (at the time) and National
Pension Funds. |
| (2) |
The amendment of the Japan Post Law in July 2003 has enabled
investment advisers to participate in managing the assets
of postal savings(Yucho) and insurance(Kampo). |
| (3) |
JIAA submitted comments on the “Draft Revision
of OECD Corporate Governance Principles” in January 2004,
and they were reflected in the Principles. |
| (4) |
JIAA submitted “Opinions toward the Investment
Services Law(Provisional)” to the FSA in January 2006 , and
many of our requests have been reflected in the Act. Further,
many requests for the proposed Cabinet Office Ordinance of
the Act,etc., after tough negotiations with the FSA, have
been adopted in the final versions of those rules. |
| (5) |
JIAA submitted a request for a
review of taxation for foreign limited partners in a limited
partnership for investment, and it was reflected in the “Cabinet
Order for amending a Part of the Cabinet Order for Enforcement
of the Act on Special Measures Concerning Taxation,” enacted
on March 31, 2010. |
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■ Publication of Statistics
and Preparing of Reference Materials
| JIAA provides disclosure materials with
regard to the Investment Management Business and Investment Advisory
& Agency Business conducted by members, prepares and publicizes
various statistics, makes unified accounting standards, and draws
up samples of documents including those required by the Act or the
contract in order to help members make better management decisions. |
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| ■ Consultation and Mediation with regard to Complaints
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| JIAA entrusts its activities on consultation
and mediation with regard to complaints about members’ conduct and services
to the Financial Instruments Mediation Assistance Center(FINMAC) which
conducts those activities fairly and neutrally. JIAA receives relevant
information as feedback from FINMAC and makes it available for members
when reviewing their activities. |
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| ■ Corporate Governance |
| JIAA conducts various activities related to
corporate governance such as establishing the Guideline for Exercising
Proxy Voting and submitting opinions to improve corporate governance.
Further, JIAA established the Corporate Governance Study Group in 2011
in order to contribute to creating an environment where investee companies
and their stakeholders such as shareholders can have constructive discussions.
The contents of the discussions have been made available on its website. |
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| ■ Efforts for Personal Information Protection |
| JIAA, as an Authorized Personal Information Protection Organization,
has established a help desk to offer consultation with regard to complaints
and has been engaged in various activities which help protect personal
information. |
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■ International Exchange
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JIAA is committed to promoting active international
exchange with related entities overseas and monitoring current
overseas developments. JIAA makes such information available for
members while utilizing it to push forward with the activities
of JIAA..
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| ■ Training Programs and Seminars |
| JIAA conducts various training programs and seminars
to enhance the quality, skills and expertise of compliance personnel
and the fund managers or analysts of members. |
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■ Establishment of Sponsored Courses at Universities
| JIAA, cooperating with the Investment Trusts Association,
Japan, has established sponsored courses for university students
as part of investor education activities. In 2012, JIAA has been
conducting six courses at Waseda University, Hitotsubashi University,
Osaka University, Kyoto University, Kobe University and Nagoya University. |
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■ Public Relations and Publications
JIAA conducts various public relations
activities to help investors have a better understanding of the
industry through various media including public relations brochures
called “Toshi Komon”, newspapers, magazines, and its website. In
March 2010, a book titled “An Invitation to Asset Management” that
contains transcripts of the lectures given in the sponsored courses
was published.
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PDF files require the Adobe Acrobat Reader, which
is available
for Free download by clicking on the icon on the left. |
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