The Tokyo Stock Exchange (TSE) has released its Improvement Program for Listing System 2007, including the creation of listing framework for funds and issuance of Japanese Depositary Receipts.
A new item added to the program is “The Outline in Response to the Listing of Wider-Ranged Products.”
In the item, TSE publicized the followings projects, to be achieved this year:
– The creation of a framework for the listing of funds other than REIT
– The realization of the listing of ETFs which are not linked to stock price indices
– The improvement of the listing system for smooth launch of Japanese DRs based on the revision of the Securities Investment Trust Law