What’s New on the FSA Website

Week of April 13 - 17, 2015

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

Press Conferences

April 15, 2015:	Press Conference by the Minister for Financial Services (April 14, 2015) (Available in Japanese)
April 13, 2015:	Press Conference by the Minister for Financial Services (April 10, 2015) (Available in Japanese)

Press Releases

(The following press releases are available in English)

International

April 13, 2015:	International Organization of Securities Commissions (IOSCO) published two consultative reports on business continuity plans for financial markets and intermediaries

Councils

April 17, 2015:	The twelfth meeting of the Study Group on Payments and Transaction Banking of the Financial System Council

Others

April 17, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"

(The following press releases are available in Japanese)

Councils

April 15, 2015:	Publication of the agenda and handouts of the second meeting of the Accounting Committee of the Business Accounting Council «Summary» The FSA published the agenda and handouts of the second meeting of the Accounting Committee of the Business Accounting Council, which was held on April 15, 2014.

Insurance

April 15, 2015:

Approval of a new business of Japan Post Insurance Co., Ltd. (Kanpo) «Summary» On April 15, 2015, the FSA and the Ministry of Internal Affairs and Communications approved the application by Japan Post Insurance Co., Ltd. (Kanpo) to start a new business, pursuant to the "Postal Service Privatization Act." The new business will distribute ordinary endowment insurance, for which the premium paying period is relatively shorter than the policy term.

Others

April 15, 2015:

Publication of the IFRS Adoption Report «Summary» The FSA published the IFRS Adoption Report. The report was compiled based on “Japan Revitalization Strategy (Revised in 2014)”, which stated that “the Government will conduct a fact-finding survey and interviews to ascertain how companies that have voluntarily adopted the IFRS overcame any challenges they faced during the transition to the IFRS, and what advantages their shift to the IFRS has had”. This report is intended to serve as a useful reference for companies considering adopting the IFRS.