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The Japan Securities Dealers Association (JSDA) is a hybrid association functioning both as a self- regulatory organisation (SRO) under an independent board and as an industry association in the Japanese securities market. Today the JSDA comprises around 500 members consisting of securities firms and other financial institutions operating securities businesses in Japan. Its self-regulatory functions cover rule-making, enforcement, inspection, disciplinary actions, accreditation of sales representatives, and dispute mediation. As an industry association serving as an interlocutor to enhance dialogue, the JSDA relays the industry’s opinions to the government and other related parties, promotes investor education to expand the base of knowledgeable investors, produces policy recommendations for further activating the market and promotes the attractiveness and potential of the Japanese market to global and domestic investors. Also, the JSDA promotes the United Nations’ Sustainable Development Goals (SDGs) as a matter of high priority, and in March 2018 the JSDA announced its “Declaration in Support of SDGs”, vowing to proactively contribute to the achievement of the Global Goals.
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