What’s New on the FSA Website

Week of October 16 - October 20, 2017

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

Press Conferences

October 18, 2017:	Press Conference by the Minister for Financial Services (October 6, 2017) (Available in Japanese)

Press Releases

(The following press releases are available in English)

International 

October 20, 2017:	FSA and US NAIC held the eighth meeting of the Insurance Regulatory Dialogue
October 20, 2017:	G7 Cyber Expert Group published "G7 Fundamental Elements for Effective Assessment of Cybersecurity in the Financial Sector"
October 19, 2017:	Asia Region Funds Passport Joint Committee held the third face to face meeting on 3-4 October 2017
October 18, 2017:	Financial Stability Board (FSB) published "Stocktake of Publicly Released Cybersecurity Regulations, Guidance and Supervisory Practices"
October 16, 2017:	International Organization of Securities Commissions (IOSCO) published the final report "Other CRA Products"

Others

October 18, 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

October 17, 2017:	Publication of the agenda and handouts of the 38th meeting of the Audit Committee of the Business Accounting Council < Summary> The FSA published the agenda and handouts of the 38th meeting of the Audit Committee of the Business Accounting Council, which was held on October 17, 2017.

Securities

October 20, 2017:

Administrative action against FIP-Partners Co., Ltd. (Kanto Local Finance Bureau) < Summary> The Kanto Local Finance Bureau took an administrative action against FIP-Partners Co., Ltd. (Type II financial instruments business operator), 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.

October 20, 2017:

Administrative action against The Yutaka Securities Co.,LTD. (Tokai Local Finance Bureau) < Summary> The Tokai Local Finance Bureau took an administrative action against Yutaka Securities Co.,LTD., ordering 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

October 20, 2017:	Second industry-wide cyber security exercise (“Delta Wall II”) < Summary> For upgrading the capabilities of the financial industry to respond to cyber-attacks, the FSA conducted the second industry-wide cyber security exercise (“Delta Wall* II”) based on “The Policy Approaches to Strengthen Cyber Security in the Financial Sector” which was published in July 2015. The exercise was conducted over the period from October 23 to 26, 2017. * Delta Wall means a key element in cyber security: the triad (Delta) of “self-help,” “mutual assistance,” and “public assistance.”
October 20, 2017:	Workplace Installment Investing NISA < Summary> Investment through Installment Investing NISA accounts is to become available from January 2018. It is important to improve accommodative environment for households to start asset building, so that the launch of the new tax-saving scheme can be an initial foothold for those who have not engaged in regular investment. From this point of view, the FSA decided to introduce “Workplace Installment Investing NISA.” The FSA expects that this initiative will be commonly practiced not only by the FSA itself but also by the other ministries, local governments, and private enterprises.
October 18, 2017:	Updated “NISA Official Promotion Webpage” < Summary> The FSA updated the “NISA Official Promotion Webpage” by mainly realigning the category page of “installment investing NISA” to provide an easy-to-grasp regulatory framework of installment investing NISA.
October 18, 2017:	Publication of the updated “Expert Column,” a subpage of the “NISA Official Promotion Webpage,” with a new article (vol.12) contributed by an external expert < Summary> The FSA published the updated “Expert Column,” a subpage of the “NISA Official Promotion Webpage,” with a new article (vol.12) contributed by an external expert.