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New Associate Membership for Financial Intermediaries

On June 3rd, during our board meeting, we decided to establish a new membership category called 'Associate Membership.' This initiative is aimed at supporting corporations that are looking to enter the financial intermediation sector. The official proposal will be put forward for discussion at the general meeting of members on June 19th.

The 'Associate Membership' will allow organizations to join while they prepare for registration as financial intermediaries. This transitional phase is essential as they navigate various challenges, such as finding a brokerage firm and submitting necessary applications to the appropriate authorities. For organizations transitioning from other sectors, like insurance, they face unique hurdles such as establishing compliance frameworks and resolving hiring concerns.

Our 'Associate Members' will receive guidance and support from experienced 'Full Members' who have navigated similar challenges before. Examples of such support include opportunities to visit established member firms and participate in training sessions based on a goal-based approach. Furthermore, they can attend seminars that cover the latest industry trends and even engage in conferences hosted by instructors from the Financial Services Agency and other organizations.

Once a corporation has registered as a financial intermediary, they will be eligible for a membership upgrade to 'Full Member,' becoming an integral part of the association and its initiatives.

The establishment of the 'Associate Membership' is designed to ensure smoother and suitable entry into the financial intermediation industry, ultimately contributing to the growth and development of the sector.

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Overview of Our Association

The Japan Financial Intermediary Association (一般社団法人 日本金融商品仲介業協会) was founded on January 31, 2020, with the goal of fostering a robust environment for financial intermediation and supporting practitioners within the industry.

Key Details:

• - Address: 3-3-5 Nihonbashi Ningyocho, Chuo-ku, Tokyo, 103-0013, Japan
• - Chairman: Kei Takagi
• - Website: JIFA

Membership Types:

• - Full Member: 240,000 yen annual fee (with initial monthly fee options)
• - Associate Member: 120,000 yen annual fee, for those aiming to become financial intermediaries
• - Individual Support Member: 10,000 yen annual fee, for individuals not engaged in financial intermediary work.

For further inquiries, please contact the Japan Financial Intermediary Association Office at [email protected].