Financial Services AgencyFSA Weekly Review No.246

June 8, 2017

What’s New on the FSA Website

Week of May 29 - June 2, 2017

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

Press Conferences

June 2, 2017: Press Conference by the Minister for Financial Services (May 26, 2017) (Available in Japaneseopen new window)
June 2, 2017: Press Conference by the Minister for Financial Services (May 23, 2017) Japanese versionopen new window
June 2, 2017: Press Conference by the Minister for Financial Services (May 19, 2017) (Available in Japaneseopen new window)
June 2, 2017: Press Conference by the Minister for Financial Services (May 16, 2017) Japanese versionopen new window
June 2, 2017: Press Conference by the Minister for Financial Services (May 9, 2017) (Available in Japaneseopen new window)

Public Comments

(The following public comment is available in English)

May 29, 2017: Finalization of Japan’s Stewardship Code (Revised version)


(The following public comment is available in Japanese)

June 2, 2017: Publication of the draft regulatory notice regarding the rules for audit on segregation managementopen new window
< Summary>
In accordance with the enforcement of the “Act for Partial Revision of the Banking Act (Act No.62 of 2016)” which aims to respond to the environmental changes involving IT development (enforcement date: April 1, 2017), the FSA proposed the draft regulatory notice regarding the rules for audit on segregation management to designate certain rules pursuant to the “cabinet office order on virtual currency exchange service providers.”

Press Releases

(The following press releases are available in English)

Banks

June 2, 2017: Overview of major banks’ financial results as of March 31, 2017
June 2, 2017: Overview of regional banks’ financial results as of of March 31, 2017


Insurance

June 2, 2017: Overview of financial results of major insurance companies as of March 31, 2017


Publication

May 31, 2017: Publication of the 166th issue of the FSA’s monthly journal, Access FSA


Others

June 1, 2017: Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
May 30, 2017: Updated statistics of money lending business


(The following press releases are available in Japanese)

Banks

May 31, 2017: Figures regarding suspended repayments following the Great East Japan Earthquake (as of March 31, 2017)open new window
< Summary>
The FSA published the number of debtors and the amount of debts for which contractual repayment has been suspended following the Great East Japan Earthquake, based on interviews with financial institutions in the three prefectures most heavily affected by the earthquake (Iwate, Miyagi, and Fukushima).
May 31, 2017: Figures regarding suspended repayments following the earthquake in the Kumamoto region (as of March 31, 2017)open new window
< Summary>
The FSA published the number of debtors and the amount of debts for which contractual repayment has been suspended following the earthquake in the Kumamoto region, based on interviews with financial institutions in the two prefectures most heavily affected by the earthquake (Kumamoto and Ōita).


Securities

June 2, 2017: The first trial of an administrative penalty case against an individual for market manipulation of stocks of DIGITAL DESIGN Co., Ltd.open new window
< Summary>
On June 9, 2017, the first trial of an administrative penalty case against an individual for market manipulation of stocks of DIGITAL DESIGN Co., Ltd. will be conducted.
May 31, 2017: Administrative action against Asset Planning Corporation (Kanto Local Finance Bureau)open new window
< Summary>
The Kanto Local Finance Bureau took an administrative action against Asset Planning Corporation, ordering the revocation of the entity’s registration and the improvement of its business operations pursuant to the “Financial Instruments and Exchange Act.” This administrative action is based on a recommendation from the Securities and Exchange Surveillance Commission (SESC) as a result of its on-site inspection.


Others

May 31, 2017: Publication of the “FAQ Regarding Content Business”open new window
< Summary>
The FSA published the FAQ Regarding Content Business” to clarify the application of the “Financial Instruments and Exchange Act (FIEA)” in fundraising for content business. In addition to this FAQ, the FSA also published a reference that illustrates how the FIEA will be applied to fundraising schemes that content business stakeholders could use.
May 30, 2017: Publication of the minutes of the eighth meeting of the “Working Group on Improving Banks’ Financial Intermediary Services to the Regional Corporations and Economy”open new window
< Summary>
The FSA published the minutes of the eighth meeting of the “Working Group on Improving Banks’ Financial Intermediary Services to the Regional Corporations and Economy” held on April 24, 2017.
The major discussion themes were as follows:
1. Result of monitoring of regional financial institutions
2. Basic issues regarding an award system for financial intermediary institutions

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