What’s New on the FSA Website

Week of July 28 – August 1, 2014

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

Press Conferences

July 28, 2014:	Press Conference by the Minister for Financial Services (July 25, 2014) Japanese version

Public Comments

(The following public comment is available in Japanese)

August 1, 2014:	Results of public comments on the amendments of regulations on transactions of listed commodity derivatives «Summary» The FSA published the results of public comments on the amendments to the Cabinet Order to regulate listed commodity derivatives. The revision regulates the solicitation of listed commodity derivatives* to individual investors. *listed on the comprehensive financial exchange only.

Press Releases

(The Following press releases are available in English)

International

August 1, 2014:	Basel Committee on Banking Supervision published a consultative document "Review of the Pillar 3 disclosure requirements" (extension of a comment deadline)
July 29, 2014:	Opening Ceremony at the Asian Financial Partnership Center (AFPAC)

Others

July 31, 2014:	Publication of ‘Financial Monitoring Report’

(The Following press releases are available in Japanese)

Banks

July 31, 2014:	Number of cases of information provided regarding unauthorized use of bank accounts «Summary» The FSA provides information regarding unauthorized use of bank accounts to relevant financial institutions and law enforcement authorities. The FSA and local finance bureaus provided information in 303 cases in total between April 1 and June 30, 2014. The total number of cases has reached 41,626 since September 2003.
July 31, 2014:	Publication of draft regulatory notices on the liquidity coverage ratio for internationally active banks based on Basel III «Summary» The FSA proposed draft regulatory notices on the Liquidity Coverage Ratio (LCR) for internationally active banks. The notices are to be implemented on March 31, 2015, and they will stipulate the calculation of the LCR based on Basel III. The FSA will finalize the notices after a one-month public consultation.
July 31, 2014:	Figures regarding suspended repayments following the Great East Japan Earthquake (as of April 30, 2014) «Summary» The FSA published the number of debtors and the amount of debts of which the contractual repayment has been suspended following the Great East Japan Earthquake, based on hearings with financial institutions in the three prefectures most heavily affected by the earthquake (Iwate, Miyagi, and Fukushima).
July 30, 2014:	Publication of a reference casebook on financial inspection «Summary» The FSA published a renewed reference casebook on financial inspection. Since 2005, the FSA has been annually collecting and publishing the favorable cases regarding financial inspection in order to provide a reference for financial institutions to establish an appropriate management system. This approach is aimed to improve the transparency and predictability of the financial administration.

Securities

August 1, 2014:

Authorization of a personal information protection organization «Summary» The FSA authorized the Financial Futures Association of Japan as a personal information protection organization pertaining to the "Act on the Protection of Personal Information." A personal information protection organization authorized by the competent minister, who has jurisdiction over the business conducted by the target entities of the authorized personal information protection organization, processes complaints for and provides information to business operators handling personal information.

July 31, 2014:

Updated list of entities who are operating financial instruments business without proper registration (Kanto Local Finance Bureau) «Summary» The FSA (Kanto Local Finance Bureau) issued warnings to entities that are operating financial instruments business without proper registration.

Others

August 1, 2014:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act" «Summary» The FSA updated the list of issuers who are repaying or have completed repaying or announced the termination of use of prepaid payment instruments, as defined in the "Payment Services Act" (e.g. gift vouchers, gift certificates, and prepaid cards).
August 1, 2014:	Announcement of personnel changes (announced August 1, 2014)
July 31, 2014:	Update of the measures in response to the Great East Japan Earthquake «Summary» The FSA updated the current status of measures taken by the FSA, local finance bureaus, and financial institutions in response to the Great East Japan Earthquake.
July 31, 2014:	Activities of the FSA's Counseling Office for Financial Services Users in 2014-2Q «Summary» The FSA’s Counseling Office for Financial Services Users offers counseling service to inquiries and comments from financial services users. From May 23, 2014, the counseling office expanded its operation to provide ex-ante counseling services for financial services users for their precaution. In the second quarter of 2014 (between April 1 and June 30, 2014), the counseling office received 10,121 inquiries and comments, close to the 9,878 cases in the first quarter of 2014 (between January 1 and March 31, 2014). Among them, 381 cases were received through newly introduced ex-ante consulting services.
July 31, 2014:	Updated statistics on money lending business «Summary» The FSA updated the statistics regarding money lending business, as of June 30, 2014.
July 28, 2014:	Publication of a revision to the FSA Business Continuity Plan «Summary» Based on the Japanese Government's business continuity plan (BCP) in case of an intense earthquake directly hitting the Tokyo metropolitan area (March 2014), the FSA published a revision to its "FSA's BCP for severe earthquakes." Also, based on the revision to the BCP guideline for the central government ministries and agencies in case of the outbreak of pandemic flu and new infectious diseases (March 2014), the FSA published a revision to its "FSA's BCP for pandemic flu."