What’s New on the FSA Website

Week of February 23, 2024 - February 29, 2024

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

Press Releases

Councils

February 28, 2024

Publication of the agenda and handouts of the second meeting of "Dialogue on Enhancing Sustainability Investment Products" (provisional English title) <Summary> The FSA published the agenda and handouts of the second meeting of "Dialogue on Enhancing Sustainability Investment Products,"* which was held on February 26, 2024. In the second meeting, three guest practitioners from the private sector respectively gave presentations on practices, the current status, and so forth pertaining to sustainability investment products in foreign countries, whereupon the participants engaged in a discussion based on the topics presented. *The Dialogue is aimed at sharing basic awareness of the desirable state of Green Transformation (GX) investments and sustainability investment products in the Japanese market through dialogue with relevant stakeholders. The meetings for the said Dialogue will be held with broad participation on a case-by-case basis by practitioners and professionals from various sectors involved in sustainable investment products, including asset management companies, distributors, portfolio companies (investees), individual investors, and relevant associations. The FSA serves as the secretariat. The original press release is available in Japanese.

Banks

February 29, 2024

Overview of modifications to lending conditions by financial institutions  <Summary> The FSA published an overview of modifications to lending conditions made by financial institutions for the period from March 10, 2020 to January 31, 2024. * The majority of the data reflects the data until January 31, 2024, whereas the data of cooperative financial institutions reflects the data until September 30, 2023. The original press release is available in Japanese.

February 29, 2024

Publication of a summary of the survey on financial institutions' preventive measures against unlawful reimbursement of deposits (as of the end of March 2023) <Summary> The FSA published a summary of the survey on financial institutions' preventive measures against unlawful reimbursement of deposits as of March 31, 2023 (the end of FY 2022) [available only in Japanese]. In order to grasp the status of the enforcement of the "Act on Protection of Depositors and Postal Saving Holders from Unauthorized Automated Withdrawal, Using Counterfeit Cards, and Stolen Cards," the FSA collects information annually from financial institutions and publishes the summary. The original press release is available in Japanese.

Securities

February 29, 2024

Administrative monetary penalty against Grant Thornton Taiyo LLC, an audit firm, for attesting financial documents of DDS Inc. containing material misstatements as if they contained no misstatements <Summary> On February 28, 2024, the FSA issued an order to impose an administrative monetary penalty against Grant Thornton Taiyo LLC, an audit firm, for attesting financial documents of DDS Inc. containing material misstatements as if they contained no misstatements, in violation of the "Certified Public Accountants Act." The original press release is available in Japanese.

Insurance

February 29, 2024

Publication of a survey report on unit labor costs of auto body shops (auto service shops) for repair/maintenance of auto bodies involved in accidents using automobile insurance <Summary> The FSA conducted a nationwide survey of auto body shop (auto service shop) owners about the actual state of unit labor costs in regard to repair/maintenance costs of vehicles involved in accidents using automobile insurance, and published the compiled report of the survey results (available only in Japanese). The original press release is available in Japanese.

Others

February 29, 2024	Summary of the Result of the International Roundtable on Understanding Credibility of Transition Plan
February 29, 2024	Activities of the FSA's Counseling Office for Financial Services Users for the period between October 1 and December 31, 2023 <Summary> The FSA's Counseling Office for Financial Services Users offers a counseling service to respond to inquiries and comments from financial services users. Between October 1 and December 31, 2023, the counseling office received 13,346 inquiries and comments, remaining roughly flat from 13,271 cases in the previous quarter (between July 1 and September 30, 2023). The original press release is available in Japanese.
February 28, 2024	Publication of the list of “financial service providers” (as of December 27, 2023) and an analysis report on the common KPIs (as of March 31, 2023) <Summary> The FSA updated the list of “financial service providers” who reported the status of their initiatives and efforts in a predetermined way based on the "Principles for Customer-Oriented Business Conduct" as of December 27, 2023.  The FSA also published an updated trend analysis report on the common KPIs comparable across investment trust and foreign currency-denominated insurance distributors reported by the respective financial service providers as of March 31, 2023.  The original press release is available in Japanese.
February 26, 2024	Announcement pertaining to FY2023 commendations for contribution to the dissemination and advancement of financial literacy in Japan  <Summary> The FSA and the BOJ (Bank of Japan) announced that they have decided to commend 12 individuals and three organizations for their contribution to the dissemination and advancement of financial literacy among the public in Japan as of FY 2023.  In light of further promoting activities to advance the nation's literacy on finance and its underlying economy, yearly commendations are given to individuals and organizations* that have adopted good practices in contributing to the dissemination and advancement of financial literacy among the public in Japan.  The applicable local authorities in the respective prefectures will notify the persons or organizations to be awarded (hereinafter referred to as "the awardees") to that effect, thereby commending the awardees with the certificates of commendation co-signed by the Minister of State for Financial Services and the Governor of the BOJ in due course. * The list of awardees is available only in Japanese. The original press release is available in Japanese.