May 15, 2006
Summary
◆On 13 March 2006, a bill for revision of the Securities and Exchange Law was submitted to the Diet for approval.
◆The bill provided, among other things, for revision of the large shareholding reporting system.
◆More specifically, the bill provided for an increase in the frequency (from 3 months, in principle, to 2 weeks) with which institutional and other professional investors eligible to take advantage of the special simplified reporting procedure would in future be required to report.
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