Share these talks and lectures with your colleagues
Invite colleaguesPersonal information protection in Japan
Abstract
In Japan, personal information protection is governed by the Act on Personal Information Protection (Act No. 57 of 2003, as amended). This paper summarises the main features of Japan’s personal information protection regime as it applies generally to corporate and individual enterprises that collect, retain and store certain personal information of residents of Japan directly, indirectly or incidentally in connection with (a) the conduct of an enterprise or business in Japan and (b) the conduct of an enterprise or business outside Japan when such collection could have an impact on residents of Japan. This paper also describes certain legislative amendments implemented in 2017, which were essential for Japan’s adequacy status under the General Data Protection Regulation.
The full article is available to subscribers to the journal.
Author's Biography
Christopher P Wells Named one of the most influential people in Asian hedge funds by AsianInvestor magazine, Chris Wells has one of the leading international investment funds and financial regulatory practices in Japan. He focuses on establishing, operating, registering and licensing investment funds and fund-related investment intermediaries in Japan, including banks, securities companies, asset managers, investment trust management companies and moneylenders. Additionally, Chris advises multinational firegulat groups on issues related to regulatory compliance and license qualification matters in Japan. He also represents companies in connection with forming and operating numerous multijurisdictional joint ventures and other investments in Japan. Chris is ranked as a Band 1 leading individual for foreign investment funds and banking and finance regulatory work by Chambers Asia. He is currently a vice chair of the Alternative Investments Committee of the American Chambers of Commerce in Japan and a co-vice chair of the Executive Committee of the Japan Chapter of the Alternative Investment Management Association (AIMA-Japan). He served as the AIMA-Japan Chair from 2010 to 2013. Chris also led the Financial Services Committee of the American Chamber of Commerce in Japan from 1998 to 2007, where he coordinated various subcommittees covering the securities, banking and fi He i, investment management, insurance, private equity, real estate fiJapan, pension and securitisation, and ratings industries in Japan. Additionally, Chris was supervising editor of Japan Financial Translations, Inc., and he frequently speaks on investment topics in Japan.
Narumi Ito advises on financial regulatory matters such as those related to the Financial Instruments and Exchange Act and particularly focuses on formation, registration and operation of investment funds. He also assists in various financial transactions, including structured finance and derivatives. In addition, working closely with lawyers in the Morgan Lewis global network, he supports various Japanese corporations in cross-border transactions and investments, including M&A and venture capital investments in the United States and elsewhere. Prior to joining Morgan Lewis, Narumi worked at one of the largest Japanese law firms for nearly ten years. In addition, he served as a public officer of the Financial Services Agency of Japan, where he was in charge of drafting financial regulatory provisions such as the Financial Instruments and Exchange Act. He also has experience in working at a Japanese securities company, where he dealt with structuring complex firegul transactions.