Update : Aug. 17, 2012
TOKYO PRO Market’s regulatory framework includes the following key elements:
•Offers a flexible regulatory framework specifically designed for growing companies, which is based on that of the AIM market.
•Adopts the Adviser system, which underpins the AIM model, J-Advisers are corporate finance advisers approved by Tokyo Stock Exchange. They are required to assess the suitability of companies for listing and guide them on their continuing obligations as public companies on TOKYO PRO Market.
•Accepts disclosure documents in English and/or Japanese and can be submitted according to IFRS, US GAAP, Japanese GAAP or equivalent standards, considerably increasing the accessibility and global appeal of the market.
•Professional investors, or specified investors, and non-Japan residents can trade directly on TOKYO PRO Market. Individual investors can participate on TOKYO PRO Market indirectly through products such as investment trusts or mutual funds.
•Listed firms will be outside the J-SOX regulations for internal controls and quarterly financial reporting, decreasing the administrative requirements on companies.