Overseas funds with Japanese Qualified Institutional Investors (QII) face strict ongoing compliance obligations under the FIEA and KLFB frameworks. We manage every step — from initial filing to annual reports — so you don't have to.
In Japan, a Qualified Institutional Investor (適格機関投資家, QII) is a category of sophisticated investor — including banks, insurance companies, pension funds, and certain corporations — recognized under the Financial Instruments and Exchange Act (FIEA).
When an overseas fund accepts capital from Japanese QIIs, it triggers a set of regulatory obligations with Japan's Kanto Local Finance Bureau (KLFB). These rules exist to ensure transparency and investor protection within Japan's financial system.
Missing filings or submitting them incorrectly can result in regulatory penalties and reputational risk. That's where we come in.
If your overseas fund has one or more Japanese QII investors, you are subject to the following obligations under Japanese law:
① Initial Notification Filing
A new notification (新規届出) must be filed with the KLFB when a Japanese QII first invests in your fund.
② Annual Business Report
A business report (事業報告書) must be submitted to the KLFB each year, disclosing key fund information and activities.
These requirements apply regardless of fund size or domicile.
Our end-to-end service covers the full compliance cycle. No chasing documents, no navigating Japanese bureaucracy — just clean, timely filings delivered to the KLFB on your behalf.
We collect the necessary information about your fund, your Japanese QII investors, and your investment strategy. We handle the intake in English — no Japanese language skills required on your end.
Our team prepares the required documents in Japanese — including the initial notification (新規届出) or annual business report (事業報告書) — in the exact format required by the KLFB.
We provide you with an English summary of what's being filed, so you know exactly what's going out. Your approval is required before anything is submitted.
We submit the filing directly to the Kanto Local Finance Bureau on your behalf. You receive confirmation once the submission is complete.
We track deadlines and proactively reach out each year ahead of your annual business report filing. Your compliance calendar is managed by us — you focus on the fund.
When a Japanese QII first invests in your fund, we prepare and submit the required initial notification (新規届出) to the KLFB, including all supporting documentation.
Every year, we prepare and submit your annual business report (事業報告書) to the KLFB. We track your filing deadline, gather the required data, and manage the full submission cycle.
All filings are prepared in Japanese by our bilingual team, in the exact format required by the KLFB. You receive English summaries at every step.
We maintain a compliance calendar for your fund and proactively alert you ahead of every filing deadline. No surprises, no missed filings.
If the KLFB has questions or requests additional information, we handle all correspondence on your behalf — in Japanese — and keep you informed throughout.
Changes in QII investor composition may trigger additional filing requirements. We monitor and manage any notification obligations that arise from investor changes.
Our QII compliance service is designed specifically for fund managers based outside Japan who have accepted — or are considering accepting — capital from Japanese institutional investors.
Overseas alternative investment funds that have accepted Japanese QII capital and need to meet their ongoing KLFB filing obligations each year.
Funds in the process of onboarding a Japanese institutional investor for the first time, who need to complete their initial notification filing before closing.
Get in touch with our team. We'll walk you through exactly what's required for your fund and take care of the rest.
Contact UsHave a question about QII compliance for your fund? Fill out the form and our team will get back to you within one business day.
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