The Nikkei Newspaper has reported that the Japan Securities Dealers Association (JSDA) will be establishing the rules as of January 2007 to restrict pre-hearing by brokerage houses for interviewing investors before Initial Public Offering.
In 2003, Investors in the UK and Singapore, who obtained the confidential information through pre-hearing, were alleged to be involved in insider-trading. After the incident, the Cabinet Office Ordinance to regulate pre-hearing by brokerage houses was enforced in November 2006.
According to the Nikkei Newspaper, the restriction period imposed on the interviewee in question will be two years and the pre-hearing in Japan will be banned.