What’s New on the FSA Website

Week of May 9 – May 13, 2016

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

Press Conferences

May 11, 2016:	Press Conference by the Minister for Financial Services (May 10, 2016) (Available in Japanese)

Public Comments

(The following public comments are available in Japanese)

May 13, 2016:

Publication of a draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business” «Summary» The FSA proposed a draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business” based on the “Order for Enforcement of the Financial Instrument and Exchange Act.” The amendment aims to extend the applicable period (date of expiration) of the current regulatory notice from June 30, 2016 to December 31, 2016.

May 13, 2016:

Publication of draft amendments to the “Comprehensive Guidelines for Supervision of Major Banks” «Summary» The FSA proposed draft amendments to the “Comprehensive Guidelines for Supervision of Major Banks” pertaining to the enforcement of the “Act on Partial Revision of the Act on Prevention of Transfer of Criminal Proceeds.”

Press Releases

(The following press releases are available in English)

Councils

May 13, 2016:	Invitation for Public Comments regarding the “Working Group on Financial Markets”

Others

May 10, 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)

Councils

May 13, 2016:	Publication of the agenda and handouts of the first meeting of the “Working Group on Financial Markets” of the Financial System Council «Summary» The FSA published the agenda and handouts of the first meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on May 13, 2016.

Banks

May 13, 2016:

Publication of a new credit business enhancement scheme (prepared by Miyagi Fisheries Co-operative Association) pursuant to the “Act on Enhancement and Restructuring of Credit Business Conducted by The Norinchukin Bank and Specified Agricultural and Fishery Cooperatives” «Summary» The FSA published a new credit business enhancement scheme prepared by Miyagi Fisheries Co-operative Association, pursuant to the “Act on Enhancement and Restructuring of Credit Business Conducted by The Norinchukin Bank and Specified Agricultural and Fishery Cooperatives.” The FSA also published a new guidance (plan) on credit business enhancement prepared by The Norinchukin Bank, pursuant to the aforementioned Act.

Securities

May 13, 2016:	Administrative action against Kabushiki Kaisha Nihon IB Trade* (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took and administrative action against Kabushiki Kaisha Nihon IB Trade* ordering the revocation of the entity’s registration pursuant to the “Financial Instruments and Exchange Act.” Its office was not found at its registered address. *This corporate name is not available in English and is the Romanized version of its Japanese name.
May 13, 2016:	Administrative penalty charge against an individual residing abroad for committing insider trading of stocks of GameOn Co., Ltd. «Summary» On March 17, 2016, the FSA issued an order to impose an administrative penalty charge against an individual residing abroad for committing insider trading of stocks of GameOn Co., Ltd.
May 13, 2016:	Updated lists of entities that are operating financial instruments businesses without proper registration (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. (cf. updated lists of Japan-based entities and foreign-based entities).

Others

May 12, 2016:	Warnings about entities that are operating money lending businesses without proper registration «Summary» The FSA (Local Finance Bureaus) updated its warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.