– Deregulation on intra-group loans (including cash management systems) and loans to JV companies –
The Money Lending Business regulations were amended on 24 March 2014, with the amendment effective from 1 April 2014. The amendment exempts loans made between certain group entities from the regulatory requirements under the Money Lending Business Act of Japan. The amendment will help to facilitate intra-group loans, and in particular is intended to facilitate the establishment of cash management systems in entity groups. In addition, the amendment exempts loans made by a joint venture partner to its joint venture entity from the regulatory requirements.