Financial Services AgencyFSA Weekly Review No.243

May 18, 2017

What’s New on the FSA Website

Week of May 8 - May 12, 2017

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

Public Comments

(The following public comment is available in Japanese)

May 12, 2017: Publication of a cabinet office ordinance to amend the “Ordinance on Terminology, Forms and Preparation Methods of Financial Statements”open new window
< Summary>
The FSA proposed a cabinet office ordinance to amend the “Ordinance on Terminology, Forms and Preparation Methods of Financial Statements.” The proposal mainly aims to deem the business conducted by Nippon Export and Investment Insurance, Co. Ltd. as “separately indicated business,” pursuant to the rules on terminology, forms and preparation methods of financial statements.

Press Releases

(The following press releases are available in English)

International 

May 8, 2017: Comment letter on the intermediate EU parent undertakings proposal


Councils

May 9, 2017: Publication of the Report by the Working Group on Financial Markets under the Financial System Council


Others

May 11, 2017: Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
May 9, 2017: PDFA brake pedal alone cannot guarantee safety - speech by Nobuchika Mori


(The following press releases are available in Japanese)

Banks

May 9, 2017: Administrative action against the Shoko Chukin Bank,Ltd.open new window
< Summary>
The FSA, the MOF (Ministry of Finance), and the METI (Ministry of Economy, Trade and Industry) took an administrative action against the Shoko Chukin Bank,Ltd. (for not fulfilling adequate process in financing operations in case of emergency such as domestic and/or international financial disturbances or large-scale natural disasters), ordering the improvement of its business operations pursuant to the “Shoko Chukin Bank Limited Act.” The competent ministries are to conduct on-site inspection with respect to the entity’s (the Shoko Chukin Bank,Ltd.’s) corporate structure in terms of compliance, business management, and internal control.


Securities

May 12, 2017: Administrative penalty charges against three individuals for committing insider trading regarding stocks of Aisei Pharmacy Co.,Ltd. by using insider information received (1)open new window (2)open new window (3)open new window
< Summary>
On May 11, 2017, the FSA issued orders to impose administrative penalty charges against three individuals for committing insider trading of stocks of Aisei Pharmacy Co.,Ltd.* by using information received from a contractor of a tender offeror of Aisei Pharmacy Co.,Ltd.
 * Aisei Pharmacy Co., Ltd. was delisted in May 2016.
May 12, 2017: Administrative penalty charges against two officers of FueTrek Co., Ltd. for committing insider trading and communicating insider information regarding stocks of the said entity (1)open new window (2)open new window
< Summary>
On May 11, 2017, the FSA issued orders to impose administrative penalty charges against two officers of FueTrek Co., Ltd., one for communicating insider information to an individual, and the other for committing insider trading regarding stocks of the said entity and for communicating insider information to individuals who used the information and committed insider trading.
May 12, 2017: Administrative penalty charges against two individuals for committing insider trading regarding stocks of FueTrek Co., Ltd. by using insider information received (1)open new window (2)open new window
< Summary>
On May 11, 2017, the FSA issued orders to impose administrative penalty charges against two individuals for committing insider trading regarding stocks of FueTrek Co., Ltd. by using information received from an officer of the entity.
May 12, 2017: Administrative penalty charge against an individual for market manipulation regarding stocks of Forval RealStraight Inc. and six other entitiesopen new window
< Summary>
On May 11, 2017, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of Forval RealStraight Inc. and six other entities.


Others

May 11, 2017: Warnings about entities that are operating money lending businesses without proper registrationopen new window
< 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.
May 9, 2017: Outline of the “Reports on the Measures for the resolution of failed financial institutions” delivered by the Minister of State for Financial Services, Taro Aso, in the Committee on Financial Affairs of the House of Representativesopen new window
< Summary>
The Minister of State for Financial Services, Taro Aso, delivered an outline of the “Reports on the Measures for the resolution of failed financial institutions” in the Committee on Financial Affairs of the House of Representatives. The reports, addressing two semiannual periods extending from October 1, 2015 to March 31, 2016, and from April 1, 2016 to September 30, 2016, had been submitted to the Diet respectively on June 10, 2016 and December 13, 2016, pursuant to the “Act on Emergency Measures for the Revitalization of the Financial Functions.”

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