FSA publishes guidelines on HFT registration

On March 6, 2018, the Financial Services Agency (FSA) in Japan, published the guidelines and necessary forms for High Frequency Traders to start registration in Japan following the revision of the Financial Instruments and Exchange Act that goes into effect from April 1, 2018 and requires every HFT to register. Below is the list of documents as required by FSA:

1. For the Applicant as a juridical person

(a) Applicant

・Articles of Incorporation

・Affidavit for a juridical person

・Pledge Statement for a juridical person

・Latest Balance Sheet, and Profit and Loss Statement

(b) Director (including a representative in Japan)

・Affidavit for a director

・Pledge Statement for a director

・Resume (in case of a juridical person, ”Corporate History”)

(c) Agent in Japan

・Resident Card (in case of a juridical person, ”Corporate Registry Document”)

※ In the case that there is a representative in Japan, the above document does not have to be submitted.

2. For the Applicant as an individual

(a) Applicant

・Affidavit for an individual

・Pledge Statement for an individual

・Resume

・Latest Balance Sheet, and Profit and Loss Statement prepared in accordance with ”Form1-2” of attachments to the Cabinet Office Order for Financial Instruments Business, etc.

(b) Agent in Japan

・Resident Card (in case of a juridical person, ”Corporate Registry Document”)

3. For all Applicants

・Document regarding Business Contents and Method

・Document regarding Personnel and Business Execution Structure

・Resume for an individual responsible for legal compliance guidance in relation to HST business

・Resume for an individual responsible for management of HST business

・Document regarding Calculation of Net Assets


Source: http://www.fsa.go.jp/en/regulated/hst/index.html