Internal Control Provisions in Japan’s Financial Instruments and Exchange Law (FIEL) or J-SOX

• By: Staff Editor
• Date: August 01, 2010

The Japanese Financial Instruments and Exchange Law (FIEL) or the Japanese version of the Sarbanes Oxley Act (J-SOX) is the main statute that codifies the securities law and regulates the functioning of financial companies in the country. It was enacted in 2006.

This article describes the background to the law, the provisions in the law that focus on internal controls and what differentiates it from the Sarbanes Oxley Act (SOX) of the US.