FSA Weekly Review No.181 February 3, 2016

What’s New on the FSA Website

Week of January 25 – January 29, 2016

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

Press Conferences

January 27, 2016: Press Conference by the Minister for Financial Services (January 26, 2016) Japanese versionopen new window
January 25, 2016: Press Conference by the Minister for Financial Services (January 22, 2016) (Available in Japaneseopen new window)

Public Comments

(The following public comment is available in Japanese)

January 25, 2016: Publication of the draft “Cabinet Order on the Partial Revision of the Order for Enforcement of the Postal Service Privatization Act”open new window
«Summary»
The FSA and the Ministry of Internal Affairs and Communications jointly proposed the draft “Cabinet Order on the Partial Revision of the Order for Enforcement of the Postal Service Privatization Act.” The Cabinet Order revision will be as follows:
  • The amount limit for a person to deposit to postal savings will be increased from 10 million yen to 13 million yen.
  • The deduction from the amount of insurance in the calculation of the limit for individual life insurance will be increased from 3 million yen to 10 million yen. (The limit for total amount of insurance after deduction will remain to be 10 million yen).

Press Releases

(The following press releases are available in English)

Councils

February 2, 2016: Joint session of the 36th general meeting of Financial System Council and the 24rd meeting of Sectional Committee on Financial System (February 8, 2016)

Banks

January 29, 2016: Information sharing of cases regarding unauthorized use of bank accounts
January 29, 2016: Update on measures taken in response to the Great East Japan Earthquake (as of January 29, 2016)

Others

January 29, 2016: Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
January 29, 2016: Updated statistics of money lending business

(The following press releases are available in Japanese)

Securities

January 29, 2016: Administrative action against The Arts Securities Co., Ltd. (Kanto Local Finance Bureau)open new window
«Summary»
On January 29, 2016, the Kanto Local Finance Bureau took administrative action against The Arts Securities Co., Ltd., ordering the revocation of the company’s registration and the improvement of its business operations pursuant to the “Financial Instruments and Exchange Act.” There were serious issues concerning The Arts Securities Co., Ltd.’s business operations that may impair the public benefit or harm investors.
January 29, 2016: Updated list of entities that are operating financial instruments businesses without proper registration (Kanto Local Finance Bureau)open new window
«Summary»
The FSA and the Kanto Local Finance Bureau issued warnings to entities that are operating financial instruments businesses without proper registration.
Warnings were issued to the following entities:
  • Repair House Kabushiki Kaisha*
  • On binary Administration Office
  • Byne Administration Office
  • ZBinary Options
  • Terapad services LTD
  • Mandala Operations Limited
  • Max Trading (Commercial) Limited
  • STDF Services LTD
  • Smart Trade Administration Office
  • ssbinary Administration Office

*This corporate name is written in Romanized Japanese.
January 27, 2016: Publication of statistics regarding over-the-counter (OTC) derivative transactions (as of September 30, 2015)open new window
«Summary»
In accordance with the article 156-66 of the Financial Instruments and Exchange Act, the FSA published the over-the-counter (OTC) derivatives report as of the end of September 2015. This report aggregated the OTC derivatives transactions data reported from the Financial Instruments Business Operators in Japan.

Others

January 29, 2016: Activities of the FSA’s Counseling Office for Financial Services Users between October 1 and December 31, 2015open new window
«Summary»
The FSA’s Counseling Office for Financial Services Users is offering a counseling service in response to inquiries and comments from financial services users. Between October 1 and December 31, 2015, the counseling office received 8,630 inquiries and comments, close to 8,890 cases in the previous quarter (between July 1 and September 30, 2015). Among them, 253 cases were received through the ex-ante consulting services.
January 27, 2016: Publication of the revised brochures for improvement of financial literacy and protection of financial services usersopen new window
«Summary»
The FSA published the revised brochures for improvement of financial literacy and protection of financial services users. The brochures provide information regarding major financial instruments and the sample cases of financial fraud.

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