Executive Committee Resources

IBA Japan Advocacy - Shareholder Identification Regime, October 2026

On 5 October 2026, the IBA Japan submitted recommendations to the Ministry of Justice (MoJ) on the proposed introduction of a shareholder identification regime under the Companies Act.

The MoJ is considering the introduction of two complementary shareholder identification mechanisms: an issuer-initiated identification system and a large shareholder reporting system. The proposal includes provisions for monetary fines and the suspension of voting rights as penalties for non-compliance.

IBA Japan Advocacy - Relaxation of Legal Ledger Rules_March 2026

On 31 March 2026, IBA Japan submitted a proposal requesting the relaxation of statutory ledger requirements under the Financial Instruments and Exchange Law (FIEL) and related regulations. The proposal calls for a transition from the current obligation to prepare and store ledgers in prescribed formats to an obligation to retain and manage requisite transaction information and data in a database, provided that robust processes are in place to supply relevant information to clients and authorities upon request.