Establishing カジノ シークレット 勝てるganization for Revitalizing the Securities Market

October 19, 1998
Keidanren
(Japan Federation of Economic Organizations)

In the light of the conditions in today's stock market, カジノ シークレット 勝てるganization (tentatively named the Organization for Securities Market Revitalization) to help revitalize the market by promoting the dissolution of cross-shareholding and facilitating the cancellation of shares shall be created.

  1. Corporate status

    2. カジノ シークレット 勝てるall be established as a public organization temporarily for about five years.

  2. Function

    3. カジノ シークレット 勝てるall catalyse the exchange and cancellation of cross-held shares.

  3. Funds

    4. The exchange and cancellation of cross-held shares through カジノ シークレット 勝てる involve no cash transfer. The transactions between the company and カジノ シークレット 勝てる to be settled by netting of receivables and payables.
    Cash-flow for the purchase of cross-held shares will not be necessary.

  4. Tax provisions

    5. Special tax measures shall be taken for capital gains and for cancellation the shares through カジノ シークレット 勝てる.

  5. Commercial-Code provisions

    6. Necessary Commercial-Code measures shall be taken to allow the purchase of own shares directly from カジノ シークレット 勝てる and to suspend rights to vote and claim dividends for shares kept by カジノ シークレット 勝てる.

  6. Accounting provisions

    7. Any necessary accounting measures shall be taken for such matters as the receivables from カジノ シークレット 勝てる.

  7. Others

    1. Commercial-Code and tax measures shall be implemented to facilitate the exchange and cancellation of cross-held shares in direct transactions without using カジノ シークレット 勝てる. (Refer to Keidanren's August 5th. recommendations regarding the mutual exchange of cross-held shares.)
    2. With regard to calculating the capital-asset-ratio under the rule of BIS ( the Bank for International Settlements), a clarification shall be needed that receivables against カジノ シークレット 勝てるould not be treated as items to be subtracted from the capital.

In addition, as another way of avoiding negative affect due to the dissolution of cross-shareholdings, a company shall be allowed to contribute its corporate pension fund by shares, only when a fund management institution intend to keep those shares in their fund's portfolio. In addition, special tax measures on the capital gains at the time of such contributions shall be taken.