Skyline Securities Limited, regulated by the Financial Conduct Authority (FCA) of the United Kingdom, operates in full compliance with global financial standards, including the Financial Action Task Force (FATF) Recommendations and the International Organization of Securities Commissions (IOSCO) Principles. In Japan, the legal framework governing financial services is primarily defined by the Financial Instruments and Exchange Act (FIEA), and foreign firms like Skyline Securities may engage with Japanese clients under certain conditions, without the need for a local license.
Under FIEA, foreign entities may provide financial services in Japan to institutional investors and professional clients under an exemption, provided that these firms comply with Japanese anti-money laundering (AML) and know-your-customer (KYC) regulations. Additionally, as a UK-regulated entity, Skyline Securities adheres to international regulatory standards that are recognized by Japanese authorities, enabling us to engage with Japanese clients in a legally sound manner.
However, despite the availability of these exemptions, Japanese regulators, specifically the Financial Services Agency (FSA), retain the authority to intervene and take enforcement actions if they deem that any activities of foreign entities contravene local laws. Under Article 63 of the FIEA, the FSA has the power to impose sanctions, investigate complaints, and pursue legal action against foreign firms operating in Japan if they fail to comply with Japanese regulatory requirements. Therefore, while Skyline Securities operates in Japan under applicable exemptions, we remain subject to Japanese regulatory oversight and can be held accountable for any actions deemed in violation of Japanese financial regulations.