-
FSA Weekly Review No.398
- July 2, 2020
What’s New on the FSA Website
Week of June 22, 2020 - June 26, 2020
This page contains the latest in events, developments, and updates to the FSA website.
Public Comments
(The following public comments are available in Japanese)
June 26, 2020 | Publication of the draft "Order to Amend the Ordinance for Enforcement of the Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector" and the draft amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc."![]() <Summary> The FSA published the draft "Order to Amend the Ordinance for Enforcement of the Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector" and the draft amendments to the "Comprehensive Guidelines for Supervision of Major Banks, etc." The proposal mainly intends to:
|
---|---|
June 26, 2020 | Publication of the finalized amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators"![]() <Summary> The FSA finalized the amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators." The amendments pertain to contemplated updates from the scheduled repeal of the "Inspection Manual for Financial Instruments Business Operators," which is under the purview of the Securities and Exchange Surveillance Commission (SESC). The amendments have been enforced since June 26, 2020. |
June 26, 2020 | Publication of the finalized amendments to the "Guidelines for Administrative Processes" regarding prepaid payment instruments issuers and funds transfer service providers![]() <Summary> The FSA finalized the amendments to the "Guidelines for Administrative Processes" regarding prepaid payment instruments issuers and funds transfer service providers. The amendments mainly update the Guidelines in line with the "JFSA's supervisory approaches –Replacing checklists with engagement –" and from the viewpoint of optimizing the whole screening process/methodology in terms of screening specifics, expedition and efficiency in regard to the registration application of prepaid payments instruments issuers and funds transfer service providers. The amended Guidelines have been enforced since June 26, 2020. |
June 25, 2020 | Publication of the finalized "Cabinet Office Order to Amend the Cabinet Office Order on Financial Instruments Business"![]() <Summary> The FSA has finalized the "Cabinet Office Order to Amend the Cabinet Office Order on Financial Instruments Business." While a rule for the phase-in schedule and transitional arrangement has been adopted for the application of margin requirements for non-centrally cleared derivatives transactions in Japan since its enforcement in September 2016, the amendments mainly defer the final two implementation phases of margin requirements for non-centrally cleared derivative transactions by one year. The aim of the deferral is to provide a certain operational capacity for firms to respond to the immediate impact of coronavirus disease 2019 (COVID-19), in consistence with the deferred implementation phases of margin requirements for non-centrally cleared derivatives transactions announced by the BCBS* and the IOSCO** on April 3, 2020. The amendments have been enforced since June 25, 2020. * BCBS stands for Basel Committee on Banking Supervision. ** IOSCO stands for International Organization of Securities Commissions. |
June 23, 2020 | Publication of the draft amendments to the "Cabinet Office Order on Disclosure Required for Tender Offer for Share Certificates, etc. by Person Other than Issuer" and to the "FAQ on Tender Offer for Share Certificates, etc." (provisional English title)![]() <Summary> The FSA has published the draft amendments to the "Cabinet Office Order on Disclosure Required for Tender Offer for Share Certificates, etc. by Person Other than Issuer" and to the "FAQ on Tender Offer for Share Certificates, etc." (provisional English title). The proposal mainly intends to remove certain entry items of documents for the disclosure in regard to tender offer for share certificates, in response to requests for deregulation from the financial sector and relevant industry organizations. Comments on the proposal will be accepted until July 27, 2020. |
Press Releases
(The following press releases are available in English)
International
June 25, 2020 | Announcement of the new dates of BG2C, FIN/SUM BB |
---|
Banks
June 26, 2020 | Bank of Japan Review: Developments in Overseas Credit Investment and Lending by Japanese Financial Institutions |
---|
Insurance
June 23, 2020 | Overview of financial results of major insurance companies as of March 31, 2020 |
---|
Others
June 24, 2020 | Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act" |
---|---|
June 23, 2020 | FSA updated Information on COVID-19 (Novel Coronavirus) |
(The following press releases are available in Japanese)
Banks
June 26, 2020 | Overview of modifications to lending conditions by financial institutions![]() <Summary> The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10 to May 31, 2020. |
---|---|
June 26, 2020 | Updated list of support agencies for business innovation![]() <Summary> The FSA published an updated list of support agencies for business innovation pursuant to the "Small- and Medium-sized Enterprises Business Enhancement Act, etc." (There were no financial institutions newly authorized this time). |
Securities
June 24, 2020 | Publication of the list of financial business operators that conducted large-scale OTC derivative transactions in FY 2019"![]() <Summary> The FSA published, complying with the "Cabinet Office Order on Restrictions on Over-the-Counter Derivatives Transactions," the list of financial instruments business operators whose average monthly total notional principal amount of OTC derivative transactions in FY2019 was 300 billion yen or more. |
---|---|
June 23, 2020 | Administrative action against Progress Mind Co.,Ltd. (The Kanto Local Finance Bureau)![]() <Summary> The Kanto Local Finance Bureau took an administrative action against Progress Mind Co.,Ltd. ordering the revocation of the entity’s registration and the improvement of its business operations pursuant to the "Financial Instruments and Exchange Act." This administrative action is based on a recommendation from the Securities and Exchange Surveillance Commission (SESC) as a result of its on-site inspection. |
Others
June 26, 2020 | Warnings issued to ![]() ![]() ![]() ![]() <Summary> The FSA issued warnings to Bitforex Limited and AMANPURI Co.,Ltd that are operating virtual currency (crypto-asset) exchange businesses without proper registration in violation of the "Payment Services Act." |
---|---|
June 26, 2020 | Publication of the assessment report on the FSA's monitoring implementation status from viewpoints of financial institutions based on a series of consultation with financial institutions by a third-party consulting service provider![]() <Summary> The FSA sets out in its "JFSA's supervisory approaches" to introduce a third-party assessment on the FSA’s supervisory approaches by experts who are well-versed in business improvement and governance practices for the quality improvement in the FSA’s financial administration such as in respect of working-level supervisory approaches inclusive of monitoring practices. In this regard, the FSA has entrusted Protiviti Inc., a third-party consulting service provider, to conduct the assessment on the FSA’s monitoring practices through a series of consultation with financial institutions, and thereafter published on its website the assessment report on the FSA’s monitoring implementation status from viewpoints of financial institutions which was compiled by the said consulting service provider. |
June 25, 2020 | Establishment![]() ![]() ![]() <Summary> The FSA has established the "Working Group on a Review of Procedures for Paperwork, Signing and Sealing, and in-Person Responses/Services in the Financial Sector" (provisional English title) and published the agenda and handouts of its first and second meetings, which were respectively held on June 9 and 22, 2020. |
June 23, 2020 | Establishment of the "Study Group on Impact Investment" and its first meeting![]() <Summary> On June 18, 2020, the FSA and the National Advisory Board of the Global Steering Group for Impact Investment jointly held the first meeting of "Study Group on Impact Investment." The Study Group was established to deepen the understanding about "impact investment" among financial market players as well as the government authorities. Meetings will be held on a regular basis. |
Site Map
- Press Releases & Public RelationsPage list Open
- Press Releases
- Press Conferences
- Official Statements
- FSA Weekly Review & ACCESS FSA
- Speeches
- For Financial Users
- Others
- Archives
- Laws & RegulationsPage list Open
- Name of Laws and Regulations(PDF)
- Recent Changes (Legislation, Ordinances, Guidelines)
- Guidelines
- Financial Instruments and Exchange Act
- Financial Monitoring Policy
- Public Comment
- No-Action Letter System
- Procedures concerning Foreign Account Management Institutions