The Japan Securities Dealers Association (JSDA) is planning to restructure itself into a NASD-NASDAQ-style organisation, in which a self-regulatory arm is separated from promotional and trading activities. The self-regulatory arm will be responsible for formulating market regulations and inspecting brokerage houses, while a promotional arm will run education and training courses and work with the authorities on matters affecting the securities markets. The reorganisation could take place as early as the Spring of 2004.
JSDA To Split Regulatory And Promotional Activities
The Japan Securities Dealers Association (JSDA) is planning to restructure itself into a NASD NASDAQ style organisation, in which a self regulatory arm is separated from promotional and trading activities. The self regulatory arm will be responsible for formulating market
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