What’s New on the FSA Website

Week of August 10 – August 14, 2015

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

Press Conferences

August 11, 2015:	Press Conference by the Minister for Financial Services (August 7, 2015) Japanese version

Public Comments

(The following public comment is available in Japanese)

August 7, 2015:

Publication of draft amendments to the Cabinet Office Ordinances and supervisory guidelines regarding the notification of names of officers at financial institutions «Summary» The FSA proposed draft amendments to the Cabinet Office Ordinances and supervisory guidelines regarding the notification of names of officers at financial institutions. The amendments allow the financial institutions to notify the FSA of the officers’ birth names in addition to married names if necessary. The proposal will be finalized after a one-month public consultation and enforced in October 2015.

Press Releases

(The following press release is available in English)

International

August 13, 2015:	International Organization of Securities Commissions (IOSCO) published a report “Post-Trade Transparency in the Credit Default Swaps Market”

(The following press releases are available in Japanese)

Councils

August 10, 2015:	Publication of the agenda and handouts of the fifth meeting of the Working Group on the Financial Group of the Financial System Council «Summary» The FSA published the agenda and handouts of the fifth meeting of the Working Group on the Financial Group of the Financial System Council, which was held on July 29, 2015.

Securities

August 11, 2015:

Administrative action against Future Stock Co., Ltd. (Kinki Local Finance Bureau) «Summary» On August 11, 2015, the Kinki Local Finance Bureau took an administrative action against Future Stock Co., Ltd., requiring the firm to suspend its business for one month from August 11 through 10 September, 2015, and to improve its business operations. This administrative action is based on a recommendation from the Securities and Exchange Surveillance Commission (SESC) as a result of their on-site inspection. The SESC found that the company violated the Financial Instruments and Exchange Act by providing its customers with special property benefits regarding contracts with the customers.

Others

August 10, 2015:

Warnings about entities that are operating money lending businesses without proper registration «Summary» The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that lie about their registration with fictitious or stolen registration numbers1. KŌYŪ Financial Kabushiki Kaisha*, Link Kabushiki Kaisha*, Kabushiki Kaisha Seibu Corporation*, and Money Plan* were given warnings for operating money lending businesses without proper registration. *Corporate name in Roman characters/bilingual (English) corporate name not available