GogoJungle

Regarding inquiries such as registration of the Financial Services Agency for the sale of EA, we have determined that the exhibitor does not need to register an advice agency to the Financial Services Agency. [Postscript on September 25, 2019] As a premise, “Paid brand (FX currency, individual stock, etc.)) The advice is that the instructions (including the assistive system use) judge the instructions each time. 1. Software (EA) does not fall under the "advice" because it only automatically buys software with a certain trading law in the source code, rather than giving out the sale and selling of the software each time. increase. 2. There is no problem if a certain trading law is not limited to the degree of "updating each time of the trading instruction", but a small modification is provided after a certain period of time. 3. If there is a problem with the source code, it will hurt investors, so it is essential for traders to have a system such as inspection. . Therefore, it is natural that it is a registrant who is constantly monitored by inspections under the jurisdiction of the Financial Services Agency (Kanto Finance Bureau). [Described on December 6, 2017] Software that automatically buy and sell financial products such as EA has been considered in the past. Since the logic is a code, it does not mean that you are instructing you for specific buying and selling. There is a view that does not correspond to advice even if it gets paid for a fee. However, if you sell software, even if it is free, it is considered that if you do some upgrade or respond to any customer response, it will also include continuous customer support in the sales price. There is also a view. The customer support is an advice prescribed by the Financial Instruments and Exchange Law if it affects the logic that has been considered in the past, and it is necessary to register an agency to the Financial Services Agency. The decision has been made so far. It is not realistic to not contact customers after sales, so it is judged that the sale of EA needs to be registered with the Financial Services Agency. I am. In addition, the seller has the copyright of the code, and the company, which is registered as an advice agency, provides services such as the advice agency, and sells to customers. In addition, it is operated as a service that pays the copyright compensation to the seller.