Financial Services AgencyFSA Weekly Review No.269

November 16, 2017

What’s New on the FSA Website

Week of November 6 - November 10, 2017

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

Public Comments

(The following public comments are available in Japanese)

November 10, 2017: Publication of the finalized amendments to the “Order for the Enforcement of the Banking Act”open new window
< Summary>
The FSA finalized the amendments to the “Order for the Enforcement of the Banking Act,” and relevant regulatory notices and supervisory guidelines. The proposal aims to endorse the application of IFRS-based disclosure, reporting, and other regulations regarding the “Banking Act,” when a banking group voluntarily adopts IFRS.
November 6, 2017: Publication of the draft amendments to the regulatory notice designating a foreign financial instruments exchangeopen new window
< Summary>
The FSA proposed the draft amendments to the regulatory notice designating a foreign financial instruments exchange based on the “Order for Enforcement of the Financial Instrument and Exchange Act.” The proposal mainly aims to additionally designate Cboe Global Markets – U.S. Equities as a designated foreign financial instruments exchange.

Press Releases

(The following press releases are available in English)

International 

November 9, 2017: Financial Action Task Force (FATF) published “Guidance on Private Sector Information Sharing”open new window
November 8, 2017: PDFInternational Association of Insurance Supervisors (IAIS) published a press release “Unified Path to Convergence on ICS Version 2.0”open new window


Others

November 7, 2017: Update on Progress toward Further Efficiency and Transparency in the Screening Procedures for Licensing and Registration of Financial Businesses
November 6, 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)

Banks

November 10, 2017: Publication of the “Strategic Directions and Priorities 2017-2018”open new window
< Summary>
The FSA published the “Strategic Directions and Priorities 2017-2018.” This document provides clarity on what mission the FSA seeks to achieve and what specific directions and priorities the FSA plans to adopt in program year 2017 (from July 2017 to June 2018).
November 10, 2017: Approval granted to Resona Holdings, Inc. for acquiring Kansai Mirai Financial Group, Inc. as a new subsidiaryopen new window
< Summary>
The FSA granted approval to Resona Holdings, Inc. for acquiring Kansai Mirai Financial Group, Inc. as a new subsidiary, pursuant to the “Banking Act.”
November 10, 2017: Approval granted to Resona Holdings, Inc. for the establishment of Kansai Mirai Financial Group, Inc., a bank holding companyopen new window
< Summary>
The FSA granted approval to Resona Holdings, Inc. for the establishment of the bank holding company “Kansai Mirai Financial Group, Inc.,” which has The Kinki Osaka Bank, Ltd. as a subsidiary, pursuant to the “Banking Act.”


Securities

November 10, 2017: An updated list of entities that are operating financial instruments businesses without proper registration (Kanto Local Finance Bureau)open new window
< 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 PDFJapan-based entitiesopen new window).


Others

November 10, 2017: Publication of a flowchart for setting up an installment investing NISA account at a financial institutionopen new window
< Summary>
The FSA has published a flowchart for those who intend to start investing through “installment investing NISA,” which illustrates the necessary steps to set up an installment investing NISA account at a financial institution. The flowchart shows how easy it is to sign up for an installment investing NISA account.
November 9, 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.

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