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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 from 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 started providing the Depository and Book-Entry Transfer Services in the Tokyo area (Phase 1) in accordance with its phased implementation plan.
Oct. 1992 JASDEC started providing comprehensively the Depository and Book-Entry Transfer Services, covering all listed and OTC stocks (Phase IV).
Jun. 1993 The U.K. Securities and Futures Authority approved JASDEC as an eligible foreign custodian.
Aug. 1993 The 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.

2000 - :

May 2000 JASDEC implemented its new securities custody and book-entry transfer system.
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 Act Partially Amending the CSD Law was passed, and later enforced in 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 (PSMS) 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 corporate bonds with share options.
Jan. 2002 Japan Securities Depository Center, Incorporated (JASDEC Inc.) was established as a stock company.
Mar. 2002 PSMS was expanded to cover trades by non-residents investors.
Jun. 2002 JASDEC transferred all of its business from the non-profit foundation to the stock company (JASDEC Inc.) and the foundation was dissolved.
JASDEC started the operations as the stock company.
Jan. 2003 The Act on Book-Entry Transfer of Corporate Bonds, etc. became effective and JASDEC was designated as a Book-Entry Transfer Institution under the act.
Mar. 2003 JASDEC inaugurated the Book-Entry Transfer System for CP.
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).
Apr. 2004 JDCC was licensed to conduct the Securities Obligation Assumption Services as the Securities Clearing Organization.
May 2004 JASDEC started providing the DVP settlement services for NETDs.
Jun. 2004 The Act Partially Amending the Act on Book-Entry Transfer of Corporate Bonds, etc. for the purpose of streamlining the settlement for trades of stocks and other securities was promulgated.
Feb. 2005 JASDEC added the matching function in PSMS for borrowing and lending transactions and repurchase agreement (repo) of Japanese government bonds.
Jan. 2006 JASDEC inaugurated the Book-Entry Transfer System for Corporate Bonds.
May 2006 JASDEC started providing the Depository and Book-Entry Transfer Services for Foreign Stock Certificates, etc.
Jan. 2007 JASDEC inaugurated the Book-Entry Transfer System for Investment Trusts.
Jan. 2008 JASDEC inaugurated the Book-Entry Transfer System for ETFs.
Feb. 2008 JASDEC started providing the Depository and Book-Entry Transfer Services for Beneficial Certificates in Trust Issuing Beneficiary Certificates.
Jan. 2009 JASDEC inaugurated the Book-Entry Transfer System for Shares, etc.
(Dematerialization: discontinuing the Depository and Book-Entry Transfer Services for Shares, etc. and absorbing the Book-Entry Transfer System for ETFs.)
Jul. 2010 JASDEC started handling the beneficial interest in trust issuing beneficiary certificates in the Book-Entry Transfer System for Shares, etc.
(discontinuing the Depository and Book-Entry Transfer Services for Beneficial Certificates in Trust Issuing Beneficiary Certificates)
Jan. 2014 JASDEC launched New System. (2014 System: implementing DVP settlement for SLB and adopting ISO20022, etc.)
Jul. 2015 JASDEC became a Company with a Nominating Committee, etc.
Jan. 2016 JASDEC started handling the Common Number (Individual Number and Corporation Number) in the Social Security and Tax Number System.
(Book-Entry Transfer System for Shares, etc. and Depository and Book-Entry Transfer Services for Foreign Stock Certificates, etc.)
Feb. 2016 JASDEC opened the second office in Osaka, and established the operational structure with two distant locations.
May 2018 The settlement cycle of the Japanese government bond trades was shortened to T+1, and JASDEC completed the transition to T+1. (PSMS)
Jul. 2019 The settlement cycle of the Japanese equity trades was shortened to T+2, and JASDEC completed the transition to T+2.
(Book-Entry Transfer System for Shares, etc. and Depository and Book-Entry Transfer Services for Foreign Stock Certificates, etc.)
Nov. 2020 JASDEC launched New System. (2020 System: open system architecture for book-entry transfer system for shares, etc. and common platform for subsystems, etc.)

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