Mori Hamada & Matsumoto updates

 
Impact of Financial Service Intermediary Act on insurers
Mori Hamada & Matsumoto
  • Insurance
  • Japan
  • 11 August 2020

In June 2020 a bill to increase convenience and protect users of financial services, known as the Financial Service Intermediary Act, passed the Diet. The bill, which is expected to be enacted by the end of 2021, will amend the Act on Sales, etc of Financial Instruments and introduce a new financial service intermediary system. This article sets out what the new act will mean for insurers, insurance agents and brokers.

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