./.WORLD TRADE
ORGANIZATIONS/C/N/127
22 September 2000
(00-3808)
Council for Trade in Services Original:  English
NOTIFICATION PURSUANT TO ARTICLE III.3 OF THE
GENERAL AGREEMENT ON TRADE IN SERVICES
The following notification has been received from the delegation of the Japan.
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1. Member notifying:
Japan
2. Notification under:
Article III, paragraph 3, of the General Agreement on Trade in Services.
3. Date of entry into force:
1 December 1998
Duration
Indefinite
4. Agency responsible for implementation  and enforcement of the measures:
Financial Services Agency
5. Description of the measures:
According to the revision of The Securities Investment Trust Law, the entry of non-residents
in the form of branches located in Japan which are owned by juridical person equivalent to ajoint-stock company incorporated under the la ws of the foreign country has been allowed
since 1 December 1998.
Affected commitments:
“Commercial presence for investment trust management services must be juridical person
established in Japan.” in mode (3) of the column of limitation on market access in sector 7B-
”Banking and Other Financial Services (excluding Insurance and Insurance-Related
Service)”.
6. Members specifically affected, if any:
NoneS/C/N/127
Page 2
7. The texts are available from:
International Affairs Division, Pla nning and Coordination Department,
Financial  Service Agency
Telephone: +(81 3) 3506-6161
Telefax: +(81 3) 3506-6113
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