What’s New on the FSA Website

Week of September 28, 2020 - October ２, 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)

October 1, 2020	Publication of the finalized "Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act" <Summary> The FSA has finalized the "Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act." The amendments mainly reflect in the Ordinance the updates to the "Act for the Partial Revision of the Health Insurance Act for Proper and Efficient Operation of the Medical Insurance System" (Act No. 9 of 2019),* which was promulgated on May 22, 2020. The amendments have been enforced since October 1, 2020. * This Act is under the purview of the Ministry of Health, Labour and Welfare.
September 30,2020	Publication of the finalized 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 finalized the 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 amendments mainly 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. The amended Cabinet Office Order has been enforced since September 30, 2020.
September 30,2020	Publication of the finalized "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc." <Summary> The FSA finalized the "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc." The amendments to the Ordinance have been made in accordance with the "the Act for Partial Revision of the Act on Facilitation of Management Succession of Small and Medium Sized Enterprises for Promotion of Business Succession of Small and Medium Sized Enterprises and Other Acts (Act No. 58 of 2020)" (provisional English law title) promulgated on June 19, 2020. The amendments have been enforced since October 1, 2020.
September 30,2020	Publication of the finalized "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc.," and the finalized amendments to the "Comprehensive Guidelines for Supervision of Insurance Companies" <Summary> The FSA finalized the "Cabinet Office Order to Amend the Ordinance for Enforcement of the Banking Act, etc.," and the amendments to the "Comprehensive Guidelines for Supervision of Insurance Companies." The amendments have been made in response to requests for deregulation from the financial sector and relevant industry organizations. The amendments have been enforced since September 30, 2020.

Press Releases

(The following press releases are available in English)

Publication

October 1,2020	FSA publishes English translation of monthly magazine, Access FSA No.205

 

Others

October 1,2020	Updated list of issuers of gift certificates in repayment procedures based on the ’Payment Services Act’
September 30, 2020	Preparation for permanent cessation of LIBOR
September 29, 2020	Updated statistics of money lending business

 

(The following press releases are available in Japanese)

Councils

October 1,2020

Publication of the proceedings and handouts of the second meeting of the "Working Group on Japanese Banking System" of the Financial System Council <Summary> The FSA published the proceedings and handouts of the second meeting of the "Working Group on Japanese Banking System" of the Financial System Council, which was held on October 7, 2020.

September 30,2020

Publication of the outline of proceedings of the 25th meeting and the minutes of the 21st meeting of the Examination Board on Strengthening of Financial Functions <Summary> The FSA published the outline of proceedings of the 25th meeting and the minutes of the 21st meeting of the Examination Board on Strengthening of Financial Functions pursuant to Article 8 and 9 of the Operational Rules for the Board, respectively.

 

Banks

September 30,2020	Publication of the implementation report of the Business Strengthening Plans (as of March 2020) <Summary> The FSA published the implementation report of the Business Strengthening Plans (as of March 2020) pursuant to the "Act on Special Measures for Strengthening Financial Functions."
September 30,2020	Approval of the Business Strengthening Plans of financial institutions <Summary> The FSA approved the Business Strengthening Plans of financial institutions listed below, pursuant to the "Act on Special Measures for Strengthening Financial Functions." THE FUKUHO BANK,LTD., The Minami-Nippon Bank,Ltd., Kushiro Shinkumi Bank, and Shigaken Shinkumi Bank.
September 30,2020	Authorization of the merger of THE SHINWA BANK, LTD. and The Eighteenth Bank, Ltd. <Summary> The FSA authorized the merger of two subsidiaries of Fukuoka Financial Group Inc., namely, THE SHINWA BANK, LTD. and The Eighteenth Bank, Ltd., pursuant to the "Banking Act." The corporate name of the merged bank will be The Juhachi-Shinwa Bank, Ltd.
September 30,2020	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 August 31, 2020.
September 28,2020	Request for financial measures to deal with the outbreak of classical swine fever (CSF, a.k.a. hog cholera) in Gunma Prefecture (The Kanto Local Finance Bureau) <Summary> The Kanto Local Finance Bureau issued the statement titled "Financial Measures in Response to the Report of the Classical Swine Fever (CSF, a.k.a. Hog Cholera)" to the relevant financial institutions in Gunma Prefecture. The statement requests the financial institutions to cooperate with prefectural authorities and appropriately deal with CSF-affected parties such as pig farms considering their circumstances, such as by attentively responding to the needs of business management consultation and new loans or change of loan terms.

 

Securities

September 30,2020

Updated list of entities that are operating financial instruments businesses without proper registration (The Kanto Local Finance Bureau) <Summary> The FSA and the Kanto Local Finance Bureau issued a warning to an entity that is operating financial instruments business without proper registration. (See the updated list of Japan-based entities*). * This list also includes the warned non-registered entities with untraceable/unidentified addresses.

 

Others

September 30,2020	Publication of the expenditure budget request for FY 2021 <Summary> The FSA published the expenditure budget request for FY 2021.
September 30,2020	Publication of the request for organization, staff and budget for FY 2021 <Summary> The FSA published an overview of the request for organization, staff and budget for FY 2021.
September 30,2020	Publication of the FSA's FY 2021 request for tax revisions <Summary> The FSA published the FY 2021 request for tax revisions.