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History

1980's:Establishment of JASDEC

May. 1984 The Law Concerning Central Securities Depository and Book-Entry Transfer of Stock Certificates and Other securities (CSD Law) was passed, and later enforced in November 1984.
Dec. 1984 Japan Securities Depository Center (JASDEC) was founded as a non-profit foundation under a permit granted by the Minister of Finance and the Minister of Justice (competent ministers) pursuant to Article 34 of the Civil Code.
May. 1985 JASDEC was designated as a depository under the CSD Law by the competent ministers.
Jul. 1986 JASDEC instituted its Business Regulations with the approval of the competent ministers. Its Business Regulations became effective on August 1, the same year.
Oct. 1988 JASDEC decided to inaugurate depository services in stages starting form October 1991 (Phase 1), through October 1992 (Phase IV).

1990's:Implementation of JASDEC System

Oct. 1990 Pursuant to the CSD Law, the competent ministers designated the following securities as those eligible to be handled by the depository system:
(1) stock certificates listed on any stock exchanges in Japan.
(2) stock certificates registered with, or designated by, Japan Securities Dealers Association as over-the-counter stocks.
(3) stock certificates to be issued after the date of designation, which fall in the range specified above.
Aug. 1991 With the authorization of the competent ministers, JASDEC entrusted part of its business to the Japan Securities Clearing Corporation.
Oct. 1991 JASDEC opened its Tokyo Operations Office and began offering its depository services in the Tokyo area (Phase 1) in accordance with its phased implementation plan.
Apr. 1992 JASDEC opened its Operations Office in Osaka, and its Operations Office in Nagoya in July, the same year.
Oct. 1992 JASDEC opened its Operations Office in Kyoto, Hiroshima, Fukuoka, Niigata and Sapporo and began providing comprehensive depository services, covering all listed and OTC stocks (Phase IV).
Mar. 1993 Number of shares in custody recorded 14.1 billion shares.
Jun. 1993 The U.K. Securities and Futures Authority approved JASDEC as an eligible foreign custodian.
Aug. 1993 he U.S. Securities and Exchange Commission issued a no-action letter to exempt JASDEC from Section 17(f) of the Investment Company Act of 1940 and Rule 17f-5(c) (2) (iii).
Jun. 1997 The Association of German Bankers approved JASDEC as an eligible foreign custodian.
Mar. 1999 Number of shares in custody recorded 108.0 billion shares.

2000 - :

May. 2000 JASDEC implemented its new securities custody and book-entry transfer system.
Sep. 2000 JASDEC constructed a back-up center in Osaka.
Dec. 2000 JASDEC started handling preferred investment securities.
May. 2001 JASDEC launched its system for delivery versus payment (DVP) settlement of exchange trades in Tokyo and Osaka.
Jun. 2001 The Law Concerning Central Securities Depository and Book-Entry Transfer (CSD Law) was amended and became effective April 2002.
Jul. 2001 JASDEC started handling Exchange Traded Funds.
Sep. 2001 JASDEC started handling Real Estate Investment Trusts.
JASDEC implemented the Pre-Settlement Matching System for domestic trades by domestic institutional investors.
Nov. 2001 Committee for Reform of Securities Clearing and Settlement System (JSDA) published the report on "Demutualization Framework of JASDEC".
JASDEC started handling of corporate convertible bonds.
Jan. 2002 Japan Securities Depository Center, Incorporated (JASDEC Inc.) was established.
Mar. 2002 PSMS was expanded to cover trades by non-residents investors.
Apr. 2002 The Law to amend the CSD Law became effective, which allows JASDEC to transform its organization structure from a not-for-profit foundation to a for-profit corporation.
Jun. 2002 JASDEC transferred its businesses to JASDEC Inc. and dissolved.
JASDEC Inc. began securities depository and book-entry transfer operations.
The Association of German Bankers approved the new incorporated entity as an eligible foreign custodian.
Jan. 2003 The Law Concerning Book-Entry Transfer of Corporate Bonds, etc. became effective and JASDEC was designated as a transfer institution under the law.
Mar. 2003 JASDEC launched the Securities Information Tracing System (SITRAS) for lost stocks.
JASDEC inaugurated its Electronic Commercial Paper book-entry system.
Mar. 2003 Number of shares in custody recorded 203.1 billion shares.
May. 2003 PSMS was expanded to cover transactions for government bonds and stock exchange-traded futures and options.
Jun. 2003 JASDEC established JASDEC DVP Clearing Corporation (JDCC) to undertake clearing services related to DVP settlement services for non-exchange transaction deliveries (NETDs).
Aug. 2003 JASDEC signed the information sharing and collaboration agreement with the Depository Trust & Clearing Corporation in New York.
Apr. 2004 JDCC acquired a license for a securities clearing agency, enabling it to undertake securities obligations.
May. 2004 JASDEC commenced DVP settlement services for NETDs.
Jun. 2004 The Law for partial amendments to the Law concerning Book-entry Transfer of Corporate Bonds and other Securities for the purpose of streamlining the settlement for trades of stocks and other securities was promulgated.
Nov. 2004 JASDEC signed a memorandum of understanding with Taiwan Securities Central Depository Co., Ltd. (currently Taiwan Depository & Clearing Corporation (TDCC)).
Feb. 2005 JASDEC signed a memorandum of understanding with Korea Securities Depository (KSD).
Jun. 2005 JASDEC signed a memorandum of understanding with China Securities Depository and Clearing Corporation Limited (CSD&C).
Nov. 2005 JASDEC and Japan Securities Settlement & Custody, Inc. (JSSC) jointly hosted the 9th General Meeting of the Asia-Pacific CSD Group in Tokyo.
Jan. 2006 JASDEC inaugurated its book-entry transfer system for Corporate Bonds.
May. 2006 JASDEC inaugurated depository and book-entry transfer system for foreign stocks.
Jan. 2007 JASDEC inaugurated book-entry transfer system for investment trusts.
Jan. 2008 JASDEC inaugurated book-entry transfer system for ETFs.
Feb. 2008 JASDEC amended the Business regulations as to Beneficiary Certificates Issuance Trust.
Jan. 2009 JASDEC inaugurated book-entry transfer system for stocks, etc. (Dematerialization)
Jan. 2014 Launch of New System (DVP settlement for SLB, ISO20022, etc.)
Jul. 2015 JASDEC transformed into a Company with Nominating Committee, etc.

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