IBA FEATURED | Article
Tuesday, October 6th 2026
On 5 October 2026, the IBA Japan submitted recommendations to the Ministry of Justice (MoJ) on the proposed introduction of a shareholder identification regime under the Companies Act. The MoJ is considering the introduction of two complementary shareholder identification mechanisms: an issuer-initiated identification system and a large shareholder reporting system. The proposal includes provisions for monetary fines and the suspension of voting rights as penalties for non-compliance.