The Unibanco Letters - Dual-Hatting Regulations and Global Enforcement
FIBO Registration Process
1.
Although there are particular differences in the registration process for the four major
FIBO registrations, the general flow follows the below steps:
Establishment of a Japan presence by registering the entity in Japan
2. Drafting of an initial FIBO registration application (typically 1 month)
3.
Initial visit to the regulators to present the FIBO registration outlines and initial FIBO
registration application documents
4. Negotiation and comments from the regulators (typically 1-3 months)
5. Invitation to submit the formal application from the regulators
6. Formal review period (typically approximately 2 months)
1.
Grant of formal registration
8. Registration or membership in any required self-regulatory organizations, such as the
JSDA, or the Type 2 Association or the JIAA, depending on the particular FIBO
registration being sought
Morgan Lewis
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