About the Issuer of Employee Rights of a LLC

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The Financial Services Agency issued an Ordinance of the Cabinet Office (Cabinet Office Ordinance No. 53 of Reiwa 4, hereinafter referred to as the “Revised Cabinet Ordinance”) that partially amends the Cabinet Office Ordinance on the definitions stipulated in Article 2 of the Financial Instruments and Exchange Act dated September 12, Reiwa. was promulgated. The amended Cabinet Office Ordinance on the Definitions stipulated in Article 2 of the Financial Instruments and Exchange Act (Ordinance of the Ministry of Finance No. 14 of 1993) (hereinafter referred to as the “Definition Office Ordinance”). By changing the provisions concerning the issuer of the limited liability company, it is intended to restrict persons other than the executive employees of the limited liability company from making a solicitation to acquire the employee rights of the limited liability company.

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