(Provisional Translation)
July 5, 2010
Financial Services Agency

FSA and SEC held the sixth meeting of the “FSA-SEC High-Level Dialogue”

On June 29,2010,the Financial Services Agency (FSA) and the United States Securities and Exchange Commission (SEC) held a meeting of the “FSA-SEC High-Level Dialogues (Dialogue)” in Washington D.C., the sixth of the bilateral dialogue held on a regular basis. The Dialogue was led by the FSA Commissioner Mikuniya and the SEC Chairman Schapiro and attended by other senior staff members from both organizations.

The fifth meeting was held in Tokyo on June 15, 2009.

In the Dialogue, taking into account the current developments of securities markets in Japan and the U.S., the FSA and the SEC discussed various issues including regulatory reform, enhancement of cooperation on enforcement and supervision, and developments surrounding accounting standards and auditing. Through the Dialogue, the two organizations further deepened their cooperative relationship.

The press release published by the SEC is available at:

http://www.sec.gov/news/press/2010/2010-118.htm