Previously, the SEC revised the criteria for determining persons deemed to be major shareholders of securities and digital asset business operators (“business operators”) requiring approval, with a view to better reflect the ultimate controlling persons. The revised criteria have been effective since 4 March 2026.*The SEC considers the “source of funds” or “financial supporters” of major shareholders of business operators to be another important issue, as any involvement of such sources...

auditor, which impose requirements for information technology governance and auditing of audit firms by IT specialists to ensure that risk management in the use of information technology in audit firms

and rapid legal enforcement. Meanwhile, the Government will support expediting legal amendments to restore confidence by enhancing the efficiency of preventing wrongdoing in the stock market and by

During March – April 2025, the SEC conducted a public hearing on draft regulations concerning requirements for business operators unable to maintain net capital, client asset safeguarding, and the

Re: Initial and Maintenance Margin Requirements for Derivatives Trading in Derivatives Exchange

Initial and Maintenance Margin Requirements for Derivatives Trading in Derivatives Exchange

Additional Requirements Relating to the Issuance and Offer for Sale of Depository Receipts