The Japan Investment Advisers Association (hereinafter referred to as “JIAA”) is positioned as an Authorized Financial Instruments Firms Association authorized by the Prime Minister pursuant to the provisions of Article 78 of the Financial Instruments and Exchange Act (hereinafter referred to as the “Act”).

JIAA was established as a self-regulatory organization(SRO) in October 1987 from the viewpoint of focusing more on the industry’s self-helping efforts for proper implementation of laws and regulations with less reliance on government agencies. In order to achieve its aim of helping protect investors, JIAA carries out a wide range of activities including establishment, amendment and abolition of self-regulatory rules. JIAA also acts as a trade association for the sound development of the industry.

JIAA is expected to act as an intermediary between the asset management industry and the relevant authorities in order to help both members and the authorities have better communication with one another, which should contribute to facilitating innovation and establishing a better regulatory environment.

Following the enactment of the Act in September 2007, the investment advisory business has been reorganized into the Investment Management Business and Investment Advisory & Agency Business. Further securities management firms related to real estate and fund management firms have newly joined JIAA, which has helped diversify its member structure. In addition, the number of members has increased significantly since the enforcement of the Financial ADR System, established in October 2010, under which investment advisers must take necessary measures for handling complaints and solving disputes.

 

The name of the Association was changed from the Japan Securities Investment Advisers Association(JSIAA) to the Japan Investment Advisers Association(JIAA) on July 2, 2012.