The Implications of a Recent Attempt to Acquire Shares in Osaka Securities Exchange

11 Pages Posted: 6 Feb 2006

See all articles by Sadakazu Osaki

Sadakazu Osaki

Nomura Institute of Capital Markets Research

Abstract

Japan has a large shareholding reporting system that requires disclosure when ownership of stock in a company reaches 5% or higher. Out of consideration of the administrative costs of such disclosure for institutional investors, many countries allow for exceptions to this, either through simplified reporting or exemption from the reporting requirement. There is now a debate in Japan over the need for a major overhaul of such reporting exceptions. This paper analyzes developments in this debate and the specific areas under dispute.

Keywords: OSAKA

JEL Classification: G28

Suggested Citation

Osaki, Sadakazu, The Implications of a Recent Attempt to Acquire Shares in Osaka Securities Exchange. Nomura Capital Market Review, Vol. 8, No. 4, pp. 2-12, Winter 2005. Available at SSRN: https://ssrn.com/abstract=878216

Sadakazu Osaki (Contact Author)

Nomura Institute of Capital Markets Research ( email )

Urbannet Otemachi Building
2-2-2, Otemachi, Chiyoda-ku
Tokyo, 100-8130
Japan

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