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This is to bring to the kind attention of the members that the Japanese Financial Services Agency (JFSA) has recently published the proposal for Cabinet Orders and Cabinet Office Ordinances to implement revised Certified Public Accountants Law etc. which were passed by the Diet of Japan in June 2007 and are expected to take effect in April 2008.
The JFSA invites comments on the Proposed Cabinet Office Ordinance from the Indian audit firms also.
The details regarding the Proposed Cabinet Orders and the Cabinet Office Ordinances and articles related to the Notification Requirement for Foreign Audit Firms (Article 83-89 of the Proposed Cabinet Office Ordinance) are available in English version at the website of the JFSA (http://www.fsa.go.jp/ or http://www.fsa.go.jp/en/news/2007/20071016.html.
The last date of sending the comments to JFSA is October 29, 2007 and the said comments should be sent to the JFSA, directly at comments-01@fsa.go.jp .

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