Financial Services AgencyFSA Weekly Review No.440

May 20, 2021

What’s New on the FSA Website

Week of May 7, 2021 - May 13, 2021

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

Press Conferences

May 13, 2021 Press Conference by the Minister of State for Financial Services (April 20, 2021) Japanese versionopen new window
May 10, 2021 Press Conference by the Minister of State for Financial Services (April 2, 2021) Japanese versionopen new window
May 10, 2021 Press Conference by the Minister of State for Financial Services (March 19, 2021) Japanese versionopen new window
May 10, 2021 Press Conference by the Minister of State for Financial Services (March 16, 2021) Japanese versionopen new window
May 10, 2021 Press Conference by the Minister of State for Financial Services (March 5, 2021) Japanese versionopen new window

Public Comments

(The following public comment is available in Japanese)

May 7, 2021 Publication of the finalized "Basic Guidelines for Climate Transition Finance"open new window
<Summary>
The FSA published the finalized "Basic Guidelines for Climate Transition Finance." The Basic Guidelines were formulated by the "Study Group on Environmental Improvement for Effective Transition-Finance" (provisional English title), a tri-party collaborative study group comprised of representatives from the FSA, the METI (Ministry of Economy, Trade and Industry), and the MoE (Ministry of the Environment) to formulate basic principles for transition-finance in Japan, particularly in terms of raising funds through transition bonds, loans, etc.
The finalized Basic Guidelines expressly set forth in the said Guidelines the significance of promoting transition-finance initiatives in tandem with the initiatives to realize a decarbonized society based on the global objective of "carbon neutrality 2050." The finalized Basic Guidelines took effect on May 7, 2021.

 

Press Releases

(The following press releases are available in English)
Publication

May 11, 2021 FSA publishes English translation of monthly magazine, Access FSA No.212


Others

May 13, 2021 Updated list of issuers of gift certificates in repayment procedures based on the ’Payment Services Act’
May 10, 2021 Lessons from the Japanese banking crisis- Presentation by HIMINO Ryozo, Commissioner, Financial Services Agency of Japan, at an on-line seminar hosted by the Financial Stability Institute of the Bank for International Settlements
May 7, 2021 TLS1.0/TLS1.1 for Encrypted Communication on the FSA Website to be Disabled


(The following press releases are available in Japanese)

Councils

May 7, 2021 Publication of the agenda and handouts of the "Study Group on Environmental Improvement for Effective Transition Finance" (provisional English title)open new window
<Summary>
The FSA published the agenda and handouts of the third meeting of the "Study Group on Environmental Improvement for Effective Transition-Finance" (provisional English title), which was jointly held on May 7, 2021 by the FSA, the METI (Ministry of Economy, Trade and Industry), and the MoE (Ministry of the Environment) to formulate basic principles for transition-finance in Japan, particularly in terms of raising funds through transition bonds, loans, etc.
May 7, 2021 Establishment of the "Working Group on Integration of Taxation on Financial Income and Gains" (provisional English title)open new window
<Summary>
The FSA has established the "Working Group on Integration of Taxation on Financial Income and Gains" (provisional English title). The integration of financial income taxation has been discussed from the perspective of achieving fairness and neutrality in taxation among financial instruments, thereby realizing a simplified and easy-to-understand tax system for investors, particularly in terms of investments in diversified financial products.
The Working Group is aimed at further seeking a way forward for the integration of financial income taxation and identifying issues to be addressed in the future by gaining a wide range of insights from stakeholders, including experts, professionals, and practitioners from the sectors of industry, finance, and academia. The FSA serves as the secretariat of the Working Group.


Others

May 12, 2021
 
Publication of a guide for financial business operators to prepare and use the "Key Information Sheet"open new window
<Summary>
The FSA has published a guide for financial business operators to prepare and use the "Key Information Sheet,"* which provides financial business operators with some insights and perspectives that may be helpful for preparing and using "Key Information Sheets," as well as examples of best practices that may be considered to be adopted in the future. The guide will be updated as necessary based on the progress in the use of the "Key Information Sheet."
* An explanatory document that provides customers with concise and easy-to-understand information about risks and fees comparable across financial products/services.

 

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