Regulation
Regulation: Cross-Border Themes
Market manipulation, anti-money laundering and sanctions, insider dealing, best execution and record keeping.
Practitioner5 pages
1Cross-Border Themes
- PractitionerMarket Manipulation and SpoofingJapan's Financial Instruments and Exchange Act prohibits sham transactions, transactions by prior arrangement, and price-moving trading, with criminal penalties, administrative surcharges, and damages for violations.
- PractitionerAML and SanctionsAnti-money laundering rules prevent the transfer of criminal proceeds and the financing of terrorism, and economic sanctions stop payments and transactions with sanctioned parties, under separate laws.
- PractitionerInsider TradingThe FIEA prohibits trading before disclosure by people who know material or tender offer facts, and bars passing on information or recommending trades to enable others to profit or avoid a loss.
- PractitionerBest ExecutionJapan's Financial Instruments and Exchange Act (FIEA) requires firms to set and publish a best execution policy, etc. and to execute client orders in line with it.
- PractitionerRecord keepingJapan requires financial instruments business operators to create and retain books and records of their business, and a Cabinet Office Order sets the types and periods.