Aggregated News From Investment Management Regulators

Publication of the Special Provisions for the Application of the Guidelines for Debt Consolidation after a Natural Disaster to the COVID-19 Infection

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 Today, the Study Group on the Guidelines for Debt Consolidation after a Natural Disaster (chaired by Mr. Tominaga Hiroaki, lawyer, Tominaga Law Office), for which the Managing Organization for the Guidelines for Debt Consolidation for Victims of the Great East Japan Earthquake and Other Natural Disasters serves as the secretariat, published the Special Provisions in the case of applying the Guidelines for Debt Consolidation for Victims of Natural Disasters to the COVID-19 infection and Q&A, which will be a practical guide in enforcing the Special Provisions.

 The FSA will carry out PR activities to disseminate the Special Provisions and will urge financial institutions to positively apply them, thereby assisting debtors with their self-help efforts for reconstructing their lives and businesses through smooth debt consolidation.

See the following website of the Managing Organization for the Guidelines for Debt Consolidation for Victims of the Great East Japan Earthquake and Other Natural Disasters for the details of the Special Provisions: http://www.dgl.or.jp/

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Regulator Information

Abbreviation: FSA
Jurisdiction: Japan

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