Clifford Chance

Amendment to the Money Lending Business Regulations – Effective from 1 April 2014 [Japanese version]

27 March 2014

– Deregulation on intra-group loans (including cash management systems) and loans to JV companies –

The Money Lending Business regulations were amended on 24 March 2014, with the amendment effective from 1 April 2014.  The amendment exempts loans made between certain group entities from the regulatory requirements under the Money Lending Business Act of Japan. The amendment will help to facilitate intra-group loans, and in particular is intended to facilitate the establishment of cash management systems in entity groups.  In addition, the amendment exempts loans made by a joint venture partner to its joint venture entity from the regulatory requirements.

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