What’s New on the FSA Website

Week of January 12, 2021 - January 15, 2021

This page contains the latest in events, developments, and updates to the FSA website.

Public Comments

(The following public comment is available in English)

January 12, 2021	Finalization of Cabinet Office Order to Partially Amend Cabinet Office Order on Financial Instruments Business, etc., the Ordinance to Partially Amend the Ordinance on Financial Services Providers’ Deposit for Operation and Regulatory Notices

(The following public comments are available in Japanese)

January 15, 2021

Publication of the finalized amendments to the "Principles for Customer-Oriented Business Conduct," "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators," and "Comprehensive Guidelines for Supervision of Insurance Companies" <Summary> The FSA finalized the amendments to the "Principles for Customer-Oriented Business Conduct," "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators," and "Comprehensive Guidelines for Supervision of Insurance Companies." The amendments mainly reflect the contents of the "Report of the Working Group on Financial Markets of the Financial System Council – Toward the Enhancement of Financial Institutions' Customer-Oriented Business Conduct" (provisional English report title) published in August 2020 by the said Working Group. The amendments were enforced on January 15, 2021.

Press Releases

(The following press releases are available in English)

Banks

January 15, 2021	FSA updated Information on COVID-19 (Novel Coronavirus)

 

Others

January 13, 2021	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
January 12, 2021	Preparation for permanent cessation of LIBOR
January 12, 2021	The Financial Market Entry Office

 

(The following press releases are available in Japanese)

Councils

January 13, 2021	Publication of the agenda and handouts of the 142nd meeting of the Compulsory Automobile Liability Insurance Council <Summary> The FSA published the agenda and handouts of the 142nd meeting of the Compulsory Automobile Liability Insurance Council, which was held on January 13, 2021.
January 12, 2021	Publication of the agenda and handouts of the 59th Meeting of the Financial Service ADR (Alternative Dispute Resolution) Liaison Group <Summary> The FSA published the agenda and handouts of the 59th Meeting of the Financial Service ADR Liaison Group, which was held on January 7, 2021.

 

Banks

January 12, 2021

Requests for financial measures to deal with disasters caused by the heavy snow which started on January 7, 2021 (The Kanto Local Finance Bureau and the Hokuriku Local Finance Bureau) (1) (2) (3) <Summary> On January 12, 2021, the Niigata Local Finance Office of the Kanto Local Finance Bureau and the Bank of Japan’s Niigata Branch, as well as the Fukui Local Finance Office and the Toyama Local Finance Office of the Hokuriku Local Finance Bureau and the Bank of Japan's Kanazawa Branch issued joint statements titled "Financial Measures to Deal with Disasters Caused by the Heavy Snow Which Started on January 7, 2021" to the relevant financial institutions. The statements respectively request financial institutions in Prefectures of Niigata, Fukui, and Toyama to appropriately deal with victims of the disaster considering their circumstances, such as by making the repayment of deposits flexible.

 

Securities

January 15, 2021	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 warnings to entities that are operating financial instruments businesses without proper registration. (See the updated list of foreign-based entities )

Others

January 12, 2021	Warnings about entities that are operating money lending businesses without proper registration <Summary> The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.