A licence for Type II Financial Instrument business merely allows you to
raise a fund.
If you wish to actually manage the fund and invest in securities and derivative
transactions, a licence for investment Management business is obligatory.
⇒ A corporate body is to have stated capital of 50 million yen or more
the equity is 50 million yen or more.
⇒ The organization is to be appropriately formulated and such formation
should meet the guidelines laid down by the Financial Services Agency.