FSA Weekly Review No.556 October 5, 2023

FSA Weekly Review No.556: October 5, 2023

What’s New on the FSA Website

Week of September 22, 2023 - September 28, 2023

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

Public Comments

September 27, 2023	Publication of the finalized amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc." after public consultation <Summary> The FSA finalized the amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc.," in regard to the LEX (Large Exposures) Framework after public consultation.* The finalized amendments mainly provide amendments to the Guidelines to clarify the screening/assessment criteria for granting special approval under the LEX Framework. The finalized amendments will take effect on March 31, 2024. * A summary of the four comments received from the public consultation and the FSA's perspective on those comments and a comparison table presenting the existing and the amended in the Guidelines are available only in Japanese. The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/news/r5/shouken/20230927/20230927.html
September 22, 2023	Publication of the finalized amendments to the "regulatory notice pertaining to Pillar 1 requirements of capital adequacy" after public consultation <Summary> The FSA finalized the amendments to the "regulatory notice pertaining to Pillar 1 requirements of capital adequacy" after public consultation conducted in May 2023. The finalized amendments mainly set forth the treatment of securitization products under the Pillar 1 requirements of capital adequacy, based on Criteria for identifying short-term "simple, transparent and comparable" securitisations and Capital treatment of securitisations of nonperforming loans, which were finalized and published by the Basel Committee on Banking Supervision (BCBS) in May 2018 and November 2020, respectively. In response to the finalized amendments to the said regulatory notice, the FSA also finalized the consequential amendments to the "FAQ on Capital Adequacy Regulation" which provide interpretation for the relevant an applicable regulatory notices. The finalized amendments will take effect on March 31, 2024. The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/news/r5/ginkou/20230922.html

September 27, 2023

Publication of the finalized amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc." after public consultation
<Summary>
The FSA finalized the amendments to the "Comprehensive Guidelines for Supervision of Financial Instruments Business Operators, etc.," in regard to the LEX (Large Exposures) Framework after public consultation.*
The finalized amendments mainly provide amendments to the Guidelines to clarify the screening/assessment criteria for granting special approval under the LEX Framework.
The finalized amendments will take effect on March 31, 2024.
* PDF

A summary of the four comments received from the public consultation and the FSA's perspective on those comments open new window

and

a comparison table presenting the existing and the amended in the Guidelines open new window

are available only in Japanese.

The original press release is available in Japanese at the following URL:
https://www.fsa.go.jp/news/r5/shouken/20230927/20230927.html open new window

September 22, 2023

Publication of the finalized amendments to the "regulatory notice pertaining to Pillar 1 requirements of capital adequacy" after public consultation
<Summary>
The FSA finalized the amendments to the "regulatory notice pertaining to Pillar 1 requirements of capital adequacy" after public consultation conducted in May 2023.
The finalized amendments mainly set forth the treatment of securitization products under the Pillar 1 requirements of capital adequacy, based on PDF

Criteria for identifying short-term "simple, transparent and comparable" securitisations open new window

and

Capital treatment of securitisations of nonperforming loans open new window

, which were finalized and published by the Basel Committee on Banking Supervision (BCBS) in May 2018 and November 2020, respectively.
In response to the finalized amendments to the said regulatory notice, the FSA also finalized the consequential amendments to the "FAQ on Capital Adequacy Regulation" which provide interpretation for the relevant an applicable regulatory notices.
The finalized amendments will take effect on March 31, 2024.

The original press release is available in Japanese at the following URL:
https://www.fsa.go.jp/news/r5/ginkou/20230922.html open new window

Press Releases

Policies

September 22, 2023	Publication of the summary from "The JFSA Strategic Priorities July 2023-June 2024"

International

September 28, 2023	Appointment for the Chair of FSB SRC Transition Plan Working Group (TPWG)

Councils

September 25, 2023	The fourth meeting of the Working Group on Tender Offer Rule and Large Shareholding Reporting Rule of the Financial System Council

Banks

September 27, 2023	Authorization granted to Fukuoka Financial Group, Inc. for acquiring THE FUKUOKA CHUO BANK, LTD. as a new subsidiary <Summary> The FSA granted authorization to Fukuoka Financial Group, Inc. for acquiring THE FUKUOKA CHUO BANK, LTD. as a new subsidiary, pursuant to the "Banking Act." The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/news/r5/ginkou/20230927/20230927.html

September 27, 2023

Authorization granted to Fukuoka Financial Group, Inc. for acquiring THE FUKUOKA CHUO BANK, LTD. as a new subsidiary
<Summary>
The FSA granted authorization to Fukuoka Financial Group, Inc. for acquiring THE FUKUOKA CHUO BANK, LTD. as a new subsidiary, pursuant to the "Banking Act."

The original press release is available in Japanese at the following URL:
https://www.fsa.go.jp/news/r5/ginkou/20230927/20230927.html open new window

Others

September 25, 2023	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 lists of Japan-based entities and foreign-based entities). These lists also include the warned non-registered entities with untraceable/unidentified addresses. (Postal and/or web addresses on the list of the warned non-registered foreign-based entities reflect those shown on their respective webpages, not necessarily the addresses that could be traced and identified) The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/ordinary/chuui/mutouroku.html
September 25, 2023	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
September 22, 2023	Publication of "Statistics of NISA and Junior NISA Accounts" as of June 30, 2023 <Summary> The FSA has published "Statistics of NISA (Nippon Individual Savings Account) and Junior NISA Accounts." As of June 30, 2023, there were approximately 19.4 million NISA accounts in total, and approximately 32.8 trillion yen (approximately 222.0 billion USD) was invested through the NISA accounts, among which, 3.6 trillion yen (approximately 25.0 billion USD) was invested through approximately 8.4 million accounts of the Tsumitate NISA (Dollar-Cost Averaging NISA) which has started since January 2018. The original press release is available in Japanese at the following URL: https://www.fsa.go.jp/policy/nisa/20230922.html

Site Map

About FSA Page list Open: Ministerial Team; Organization; Location; Pamphlet; Open Policy Lab
Press Releases & Public Relations Page list Open: Press Releases; Press Conferences; Official Statements; FSA Weekly Review & ACCESS FSA; Speeches; For Financial Users; Others; Archives
Policies & Councils Page list Open: Policies; Councils
Laws & Regulations Page list Open: Name of Laws and Regulations(PDF); Recent Changes (Legislation, Ordinances, Guidelines); Guidelines; Financial Instruments and Exchange Act; Financial Monitoring Policy; Public Comment; No-Action Letter System; Procedures concerning Foreign Account Management Institutions
Regulated Institutions Page list Open: List of Institutions; Administrative Action; Statistics; For those engaging in High Speed Trading; To Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc.; Asia Region Funds Passport (ARFP)
FSA Weekly Review & ACCESS FSA Page list Open: Back Number (2022); Back Number (2021); Back Number (2020)