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August 27, 2026

Financial Services Agency

Regarding the Revision of the Q&A on Financial Instruments Business

The distribution of overseas single-stock leveraged ETFs whose underlying assets are shares of Japanese companies may amplify fluctuations in the market price of underlying stocks listed on Japanese stock exchanges, potentially having a significant impact on price formation in Japan’s financial markets.

The FSA has added Question 7 to the Q&A on Financial Instruments Business which sets out the FSA’s view that the distribution of overseas single-stock leveraged ETFs whose underlying assets are shares of Japanese companies by Financial Instruments Business Operators is not considered to be in the public interest.

For further details, please refer to the attached document.

Contact

Financial Markets Division, Policy and Markets Bureau, Financial Services Agency

Tel +81-(0)3-3506-6000

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