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The FSA Japan will facilitate stock purchase by Japanese-style employee stock ownership plans. These are currently exempted from certain securities regulations such as insider trading restrictions.
In order to facilitate stock purchase by Japanese-style employee stock ownership plans, the FSA made requests to the Japan Securities Dealers Association (JSDA) to promote active use of Japanese-style employee stock ownership plans and clarify that stock purchase does not necessarily need to be conducted on one specified date per month, but can be conducted on two or more specified dates.