Publication of the finalized amendments to the „Cabinet Office Order on Disclosure of Corporate Affairs“ and other relevant and applicable cabinet office orders after public consultation

On 31 January 2023, the Financial Services Agency (FSA) issued a press release, informing about the finalization of the amendments to the „Cabinet Office Order on Disclosure of Corporate Affairs“ and other relevant and applicable cabinet office orders after public consultation.
In response to the recommendation in the „Report of Working Group on Corporate Disclosure (FY 2021) – Toward the Creation of a Capital Market That Will Contribute to Medium- and Long-Term Enhancement in Corporate Value“ (provisional English title – available only in Japanese), which was published in June 2022 to develop a regulatory framework mainly for the disclosure of corporate initiatives regarding sustainability and the disclosure of corporate governance, the finalized Cabinet Office Order new provides amendments to the narrative information to be filled out in the Annual Securities Report and Securities Registration Statement.
In this regard, the FSA also finalized the amendments to the „Cabinet Office Order on Special Provisions for Procedures by Use of an Electronic Data Processing System for Disclosure“ to allow the filing of disclosure documents using alternative methods as a temporary measure in the event where EDINET is not in operation.
The finalized amendments to the Cabinet Office Order entered into force on 31 January 2023.