Our lawyer Kazuma Terakawa, who participated in the 2023 amendment to the Financial Instruments and Exchange Act of Japan as one of the drafters of the bill, made a partial revision of educational materials (First Volume “Introductory Chapter: Toward Securing ‘Customer-Oriented Business Conduct’ ”) used in “A Course to Give a Better Understanding of Customer-Oriented Business Conduct (Fiduciary Duty)” offered by Kinzai Institute for Financial Affairs, Inc., based on such amendment.

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