Changes in the Business Environment Following the Revision of the Wholesale Market Act
First written in FY2019. 1 of 3 entries say "Advanced", first in FY2021. Latest entry: FY2021.
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- FY2021AdvancedAnnual report
「The amended Wholesale Market Act, which took effect on 21 June 2020, does not change the basic trading rules, including the prohibition of discriminatory treatment, but shifts from a principle of prohibition to a principle of freedom and allows each wholesale market to establish trading rules for direct purchases by intermediate wholesalers and third-party sales by wholesalers.」
The amended Wholesale Market Act has taken effect, bringing concrete changes to the business environment, including the general liberalization of trading rules and the ability to establish rules for direct purchases and third-party sales. The amended Fisheries Act and the Act on Ensuring the Proper Domestic Distribution and Importation of Specified Aquatic Animals and Plants have also been enacted. - FY2020Clarification of the amendments and effective dateAnnual report
「The amended Wholesale Market Act, which will take effect on 21 June 2020, does not change the basic trading rules, including the prohibition of discriminatory treatment, but shifts wholesale markets from a permit-based system to an accreditation system requiring compliance with common trading rules, and moves from a principle of prohibition to a principle of freedom,」
The company provides details of the amendments to the Wholesale Market Act, including the effective date of 21 June 2020, the transition to an accreditation system, and the general liberalization of trading restrictions. - FY2019First statedAnnual report
「The planned fundamental amendments to the Wholesale Market Act may have a material impact on the business environment of the company, which operates a wholesale business in a central wholesale market.」
The company identifies the possibility that amendments to the Wholesale Market Act will change the business environment for its wholesale business in a central wholesale market as a new risk. It explains that the effective date of the amended Act is expected to be set by a future Cabinet Order.