ABOUT US
Chairman’s Message
The Type II Financial Instruments Firms Association (T2FIFA) is a general incorporated association functioning as a self-regulatory organization for firms engaging alternative assets such as trust beneficiary rights and funds. Its legal status is a Financial Instruments Firms Association certified by the Prime Minister, pursuant to Article 78 of the Financial Instruments and Exchange Act (FIEA). As of March 2024, T2FIFA has around 640 members consisting of securities firms, banks, real estate companies and other institutions.
Japan has over 2000 trillion yen in personal financial assets, half of which are held as cash or bank deposits. With the advent of a longevity society, promoting asset building through using capital markets is needed. Contributing to people‘s asset formation and financial facilitation are our challenges. We are working hard to supply appropriate financial instruments while protecting investors.
Overseas financial institutions are very welcome to join our association. We can assist you, smoothing your path in Japan. Please feel free to contact us.
MORITA Toshio
Chairman and CEO
MORITA Toshio
Chairman and CEO
Profile
- Name
- Type II Financial Instruments Firms Association
(Ippan-Shadan-Houjin Dainishu-Kinyu-Shouhin-Torihikigyou-Kyoukai) - Chairman and
CEO - MORITA Toshio
- Office
- 2-11-2, Nihombashi, Chuo-ku, Tokyo
103-0027 JAPAN
Organization
Board of Directors and Policy Committee Members
History
| T2FIFA | T2FIFA | |
|---|---|---|
| 2007 | The Financial Instruments and Exchange Act (FIEA), a comprehensive overhaul of the former Securities and Exchange Act, was enforced. | |
| 2010 | T2FIFA established. | |
| 2011 | The Prime Minister certified T2FIFA as a Financial Instruments Firms Association. | |
| 2012 | T2FIFA started member education. | |
| 2015 | Amended FIEA provided measures for increasing T2FIFA members business. | |
| 2018 | SDGs Promotion Working Group established. | |
| 2019 | SDGs Promotion Working Group Report was published. | |
| 2020 | SDGs Promotion Working Group Report was published. | |
| 2022 | T2FIFA notification net system started operation. |
Members
As of end of March 2024, there are 638 Regular Members, and 8 Supporting Members.
Regular Member
Either a Financial Instruments Business Operator or a Registered Financial Institution which performs Self-Offering and Other Transactions, etc. as business and has obtained the approval by the Board of Directors.
Electronic Public Offering Member
A Type II Small-Amount Electronic Public Offering Service Provider which has obtained the approval by the Board of Directors.
Supporting Member
A person that supports the activities of the Association and has been approved by the Association.
Working to Promote SDGs
The SDGs Promotion Working Group established under the Board of Directors published its report.
Logo & Illustration
Logo concept
The two diagonal lines mean II; their thickness getting thicker as they go to the upper right means growth and progress; the circle means the rising sun.
Concept of the illustration
The illustration expresses that seeds called trust beneficiary rights or funds planted by Type II Financial Instruments Business operators bear fruit in fields such as finance, real estate, energy, infrastructure, logistics, medical care and agriculture.
What is the Type II Financial Instruments？
Article 2, Paragraph 2 of FIEA defines the following rights as Type II Financial Instruments.
Even if they are not rights which must be indicated on instruments or certificates, they are deemed as Securities; therefore, they are called ‘deemed securities.’
The rights prescribed in (v) are so called collective investment scheme interests (shudan-toshi scheme mochibun).
(i) beneficial interest of a trust (shintaku juekiken);
(ii) rights that are claimable against a foreign person and which have the nature of the rights specified in the preceding item;
(iii) the membership rights of a general partnership company or limited partnership company
(limited to rights specified by Cabinet Order), membership rights of a limited liability company;
(iv) the membership rights of a foreign corporation which have the nature of the rights specified in the preceding item;
(v) among the rights based on a partnership contract provided for in Article 667, paragraph 1 of the Civil Code, a silent partnership agreement provided for in Article 535 of the Commercial Code, a limited partnership agreement for investment provided for in Article 3, paragraph 1 of the Limited Partnership Act for Investment, or a limited liability partnership agreement provided for in Article 3, paragraph 1 of the Limited Liability Partnership Act, membership rights in an incorporated association or other rights (excluding rights based on foreign laws and regulations) the holder of which can receive dividends from profits arising from business that is conducted using the money (including anything specified by Cabinet Order as being similar to money) invested or contributed by the equity holder or a distribution of the assets of the invested business. (Item (v) from (a) to (c) of said paragraph are exceptions.)
(vi) rights based on laws and regulations of a Foreign State which are similar to those specified in the preceding item;
(vii) securities specified by Cabinet Order
Article 2, Paragraph 3 of the FIEA defines Paragraph 2 Securities. They are the above-mentioned “Deemed Securities” excluding electronically recorded transferable rights with high liquidity.
What is the Type II Financial Instruments Business？
Type II Financial Instruments Business is provided for in Article 28, Paragraph 2 of the FIEA. The term “Type II Financial Instruments Business” means self-offering related to collective investment scheme interests etc. and conducting any of the following acts related to Type II Financial Instruments.
(i) sale and purchase of Securities
(ii) intermediary, brokerage
(iii) dealing in Public Offering or Secondary Distribution of Securities or dealing in Private Placement of Securities;
Type II Financial Instruments Business shall be conducted only by persons and companies registered by the Prime Minister