What’s New on the FSA Website

Week of February 1 – February 5, 2016

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

Press Conferences

February 4, 2016:	Press Conference by the Minister for Financial Services (February 2, 2016) Japanese version
February 4, 2016:	Press Conference by the Minister for Financial Services (January 29, 2016) (Available in Japanese)

Public Comments

(The following public comments are available in Japanese)

February 3, 2016:	Publication of finalized amendments to the related orders, cabinet office ordinances and the Comprehensive Guidelines for Supervision of Financial Instruments Business Operators following the 2015 revisions of the “Financial Instruments and Exchange Act (FIEA)” «Summary» The FSA finalized amendments to the related orders, cabinet office ordinances and the Comprehensive Guidelines for Supervision of Financial Instruments Business Operators following the 2015 revisions of the FIEA. The amendments update the rules pertaining to Specially Permitted Business for Qualified Institutional Investors. The amendments will be enforced on March 1, 2016.
February 2, 2016:	Publication of draft amendments to the “Ordinance for Enforcement of the Banking Act” «Summary» The FSA proposed draft amendments to the “Ordinance for Enforcement of the Banking Act” pertaining to the amendments of the “Trade Insurance and Investment Act” and the “Act on Special Accounts.” The amendments will be enforced on April 1, 2016.
February 1, 2016:	Publication of the finalized amendment to the “Comprehensive Guidelines for Supervision of Insurance Companies” «Summary» The FSA finalized the amendment to the “Comprehensive Guidelines for Supervision of Insurance Companies.” The amendment simplifies the approval procedures for insurance products of a non-managing underwriter in a co-insurance contract scheme. The amendment exempts the application of authorization or notification. When non-managing underwriter’s insurance products under co-insurance contract fulfill specific requirements, the application is exempt regarding the setting or revising of the provisions or premium calculation methods. The guidelines were enforced on February 1, 2016.

Press Releases

(The following press releases are available in English)

Banks

February 5, 2016:	FSA publishes the status of loans held by all banks as of the end of September 2015, based on the Financial Reconstruction Act

Others

February 5, 2016:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”

(The following press releases are available in Japanese)

Securities

February 4, 2016:	Joint promotion for “NISA Day (February 13)” «Summary» The FSA and relevant industry associations chose February 13 as the day to encourage investment through the NISA; February 13 in Japanese sounds similar to the sound of NISA (niːsa). On that day, the FSA and relevant industry associations will promote the updated schemes of the NISA for individual investors.

Insurance

February 2, 2016:

Publication of the updated ordinances and cabinet office ordinances pertaining to the amendments of the “Ordinance for Commercial Registration” «Summary» The FSA published the updated “Ordinance for Enforcement of the Insurance Business Act,” the “Ordinance for Enforcement of the Certified Public Accountants Act” and the “Cabinet Office Ordinance on Financial Instruments Exchanges.” The updates pertain to the enforcement of the “Ordinance for Commercial Registration.” The updates will be enforced on March 1, 2016.