ISDA added a Japanese jurisdictional module to its Resolution Stay Jurisdictional Modular Protocol. The new module is intended to facilitate compliance with Japanese regulations that require contractual stays to be included in certain financial contracts that are not governed by Japanese law.
The new module is the third to be added to the protocol. It follows the German and United Kingdom modules that were published in mid-2016. ISDA indicated that it expects to publish additional modules as needed in order to satisfy regulations in other jurisdictions.
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