What’s New on the FSA Website

Week of January 10 – January 13, 2017

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

Press Conferences

January 13, 2017:	Press Conference by the Minister for Financial Services (January 6, 2017) (Available in Japanese)

Public Comments

(The following public comment is available in Japanese)

January 10, 2017:

Publication of the draft amendments to the “Ordinance for the Enforcement of the Banking Act” «Summary» The FSA proposed the draft amendments to the “Ordinance for the Enforcement of the Banking Act.” The current Ordinance stipulates that banks shall report to the authorities in the event of misconduct that caused a loss of cash equivalents worth one million yen or more (per incidence). The proposal is to abolish such formal criteria for the reportable value, thereby ensuring that banks conduct substantive operations management. (The proposal is based on comments received at the “Contact for Financial Policies Monitor,” a neutral third-party comprised of external experts).

Press Releases

(The following press releases are available in English)

International

January 13, 2017:	Financial Stability Board (FSB) published “Policy Recommendations to Address Structural Vulnerabilities from Asset Management Activities”

Others

January 12, 2017:	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

January 13, 2017:	Publication of the agenda and handouts of the 136th meeting of the Compulsory Automobile Liability Insurance Council «Summary» The FSA published the agenda and handouts of the 136th meeting of the Compulsory Automobile Liability Insurance Council, which was held on January 12, 2017.

Securities

January 13, 2017:	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 list of Japan-based entities and foreign-based entities).

Others

January 12, 2017:	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 misrepresent their registration using fictitious or stolen registration numbers.
January 11, 2017:	Publication of the agenda and handouts of the second meeting of the “Payments Council on Financial Innovation” «Summary» The FSA published the agenda and handouts of the second meeting of the “Payments Council on Financial Innovation,” which was held on January 11, 2017.