What’s New on the FSA Website

Week of April 9, 2021 - April 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 Japanese)

April 14, 2021

Publication of the draft amendments to the "Basic Procedures for On-Site Inspections" (provisional English title) <Summary> The FSA has published the draft amendments to the "Basic Procedures for On-Site Inspections" (provisional English title). The proposal mainly intends to reflect recommendations from the "Collaborative Task Force to Further Strengthen the Linkage Between the FSA's Inspections Function and the BOJ's On-Site Examination Function" (established in November, 2020), in terms of alleviating the monitoring/examination-related burden on financial institutions and implementing higher-quality monitoring.

 

Press Releases

(The following press release is available in English)
Others

April 15, 2021	Revision of the Corporate Governance Code

(The following press releases are available in Japanese)

Councils

April 15, 2021	Publication of the agenda and handouts of the eighth meeting of the "Working Group on Capital Market Regulations" (provisional English title) of the Financial System Council <Summary> The FSA published the agenda and handouts of the eighth meeting of the "Working Group on Capital Market Regulations" (provisional English title) of the Financial System Council, which was held on April 15, 2021.
April 13, 2021	Publication of the agenda and handouts of the second meeting of the "Working Group on Social Bonds" <Summary> The FSA published the agenda and handouts of the second meeting of the "Working Group on Social Bonds" which was held on April 13, 2021.

 

Banks

April 13, 2021

Outline of the "Reports on the Measures for the Resolution of Failed Financial Institutions" delivered by the Minister of State for Financial Services, ASO Taro, in the Committee on Financial Affairs of the House of Councillors <Summary> The Minister of State for Financial Services, ASO Taro, delivered an outline of the "Reports on the Measures for the Resolution of Failed Financial Institutions" in the Committee on Financial Affairs of the House of Councillors. The reports, addressing the two semiannual periods extending from October 1, 2018 to September 30, 2019, had been submitted to the Diet respectively on August 8 and December 10, 2019, pursuant to the "Act on Emergency Measures for the Revitalization of the Financial Functions."

April 9, 2021

Approval of the application by JAPAN POST BANK Co., Ltd. <Summary> The FSA and the Ministry of Internal Affairs and Communications (MIC) approved the application by JAPAN POST BANK Co., Ltd. in terms of its businesses, pursuant to the "Postal Service Privatization Act."

 

Securities

April 9, 2021	Administrative penalty charge against an individual for communicating insider information regarding stocks of AISIN SEIKI CO., LTD. learned as an employee of a contract negotiator with the entity <Summary> On April 8, 2021, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of AISIN SEIKI CO., LTD.* by using information learned as an employee of a contract negotiator with the entity. * This is the former corporate name. The present corporate name is AISIN CORPORATION.
April 9, 2021	Administrative penalty charges against two individuals (retail investors) for market manipulation regarding stocks of Jorudan Co.,Ltd. (1) (2) <Summary> On April 8, 2021, the FSA issued orders to impose administrative penalty charges against two individuals (retail investors) for market manipulation regarding stocks of Jorudan Co.,Ltd.
April 9, 2021	Administrative penalty charge against FUJISOFT SERVICE BUREAU INCORPORATED for making false statements in its securities reports <Summary> On April 8, 2021, the FSA issued an order to impose an administrative penalty charge against FUJISOFT SERVICE BUREAU INCORPORATED for making false statements in its securities reports.
April 9, 2021	Administrative penalty charge against UMC Electronics Co.,Ltd. for making false statements in its securities reports <Summary> On April 8, 2021, the FSA issued an order to impose an administrative penalty charge against UMC Electronics Co.,Ltd. for making false statements in its securities reports.
April 9, 2021	Administrative penalty charges against two individuals; one who communicated insider information regarding stocks of DLE Inc. learned as an employee of a contract negotiator with DLE Inc. (1); and the other who (as a non-insider) committed insider trading regarding the said entity's stocks by using the information received from the said employee of a contract negotiator (2) <Summary> On April 8, 2021, the FSA issued orders to impose administrative penalty charges against two individuals; one who communicated insider information regarding stocks of DLE Inc. learned as an employee of a contract negotiator with DLE Inc. (1); and the other who (as a non-insider) committed insider trading regarding the said entity's stocks by using the information received from the said employee of a contract negotiator (2).

Others

April 12, 2021

The FSA's initiatives toward the further enhancement and dissemination of the customer-oriented business conduct among financial institutions <Summary> The FSA has updated its initiatives toward the further enhancement and dissemination of the customer-oriented business conduct among financial institutions. The updated initiatives are aimed at setting forth the following points in response to 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 on August 5, 2020, by the said Working Group, and the "Principles for Customer-Oriented Business Conduct" amended and enforced on January 15, 2021: Form-templates and other particulars for financial institutions to report to the FSA on their policies and status of initiatives based on the "Principles for Customer-Oriented Business Conduct" Future publication of the list of financial institutions signing up to the said Principles Key points (factors) for analyzing good practices based on reports filed by financial institutions with the FSA as referred to in Point 1, and FAQ in regard to the above three points.