FSA Weekly Review No.546 July 21, 2023

FSA Weekly Review No.546: July 21, 2023

What’s New on the FSA Website

Week of July 7, 2023 - July 13, 2023

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

Public Comments

July 11, 2023	Publication of the draft "Cabinet Office Order to Amend the Cabinet Office Order on Restrictions on Securities Transactions, etc." for public consultation <Summary> The FSA proposed the draft "Cabinet Office Order to Amend the Cabinet Office Order on Restrictions on Securities Transactions, etc." (hereinafter referred to as the "proposal") for public consultation. The proposal intends to exempt transactions related to "actively managed" ETFs (Exchange Traded Funds) for which no specific index exists from short-selling regulations, by providing consequential amendments to the said Cabinet Office Order. Public comments will be accepted until 5:00 p.m. (JST), August 10, 2023. The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/news/r5/shouken/20230711/20230711.html

July 11, 2023

Publication of the draft "Cabinet Office Order to Amend the Cabinet Office Order on Restrictions on Securities Transactions, etc." for public consultation
<Summary>
The FSA proposed the draft "Cabinet Office Order to Amend the Cabinet Office Order on Restrictions on Securities Transactions, etc." (hereinafter referred to as the "proposal") for public consultation.
The proposal intends to exempt transactions related to "actively managed" ETFs (Exchange Traded Funds) for which no specific index exists from short-selling regulations, by providing consequential amendments to the said Cabinet Office Order.
Public comments will be accepted until 5:00 p.m. (JST), August 10, 2023.

The original press release is available in Japanese at the following URL:
https://www.fsa.go.jp/news/r5/shouken/20230711/20230711.html open new window

Press Releases

Others

July 12, 2023	Stewardship Code : 327 institutional investors have signed up to the Principles for Responsible Institutional Investors as of June 30, 2023
July 11, 2023 July 10, 2023	Request for financial measures to deal with disasters caused by the heavy rain from July 7, 2023 (The Chugoku Local Finance Bureau, the Fukuoka Local Finance Branch Bureau, and the Kyushu Local Finance Bureau) <Summary> The following Local Finance Bureaus alongside the competent Branches of the Bank of Japan issued statements titled "Financial Measures to Deal with Disasters Caused by the Heavy Rain from July 7, 2023" to the relevant financial institutions: ・ The Chugoku Local Finance Bureau alongside the Bank of Japan's Matsue Branch (Statement issued as of July 10, 2023) ・ The Fukuoka Local Finance Branch Bureau alongside the Bank of Japan's Fukuoka Branch (Statement issued on July 10, 2023) ・ The Fukuoka Local Finance Branch Bureau alongside the Bank of Japan's Kitakyushu Branch and Fukuoka Branch (Statement issued on July 11, 2023), and ・ The Kyushu Local Finance Bureau alongside the Bank of Japan's Oita Branch (Statement issued as of July 10, 2023) (The statements above are available only in Japanese). The said statements request financial institutions in Shimane, Saga, Fukuoka, and Oita prefectures* to appropriately deal with victims of the disaster considering their circumstances, such as by making the repayment of deposits flexible. * Matters related to financial measures in Shimane prefecture fall within the purview of the Chugoku Local Finance Bureau; those in Saga and Fukuoka prefectures are within the purview of the Fukuoka Local Finance Branch Bureau; and those in Oita Prefecture are within the purview of the Kyushu Local Finance Bureau. Disaster-affected areas in those four prefectures are currently subject to the "Disaster Relief Act." If more areas in the prefectures become subject to the said Act, financial institutions in the prefectures will be requested to take measures in the same manner as above accordingly. The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/news/r5/ginkou/20230710.html

July 12, 2023

Stewardship Code : 327 institutional investors have signed up to the Principles for Responsible Institutional Investors as of June 30, 2023

July 11, 2023
July 10, 2023

Request for financial measures to deal with disasters caused by the heavy rain from July 7, 2023 (The Chugoku Local Finance Bureau, the Fukuoka Local Finance Branch Bureau, and the Kyushu Local Finance Bureau)

<Summary>

The following Local Finance Bureaus alongside the competent Branches of the Bank of Japan issued statements titled "Financial Measures to Deal with Disasters Caused by the Heavy Rain from July 7, 2023" to the relevant financial institutions:

・ The Chugoku Local Finance Bureau alongside the Bank of Japan's Matsue Branch (Statement issued as of July 10, 2023) open new window

・ The Fukuoka Local Finance Branch Bureau alongside the Bank of Japan's Fukuoka Branch (Statement issued on July 10, 2023) open new window

・ The Fukuoka Local Finance Branch Bureau alongside the Bank of Japan's Kitakyushu Branch and Fukuoka Branch (Statement issued on July 11, 2023), open new window

and

・ The Kyushu Local Finance Bureau alongside the Bank of Japan's Oita Branch (Statement issued as of July 10, 2023) open new window

(The statements above are available only in Japanese).

The said statements request financial institutions in Shimane, Saga, Fukuoka, and Oita prefectures* to appropriately deal with victims of the disaster considering their circumstances, such as by making the repayment of deposits flexible.

* Matters related to financial measures in Shimane prefecture fall within the purview of the Chugoku Local Finance Bureau; those in Saga and Fukuoka prefectures are within the purview of the Fukuoka Local Finance Branch Bureau; and those in Oita Prefecture are within the purview of the Kyushu Local Finance Bureau. Disaster-affected areas in those four prefectures are currently subject to the "Disaster Relief Act."

If more areas in the prefectures become subject to the said Act, financial institutions in the prefectures will be requested to take measures in the same manner as above accordingly.

The original press release is available in Japanese at the following URL:
https://www.fsa.go.jp/news/r5/ginkou/20230710.html open new window

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