FSA Weekly Review No.96 May 13, 2014

 

What’s New on the FSA Website

Week of May 7 - May 9, 2014

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

Topics

May 9, 2014: “Financial institutions under on-site inspection by the FSA” has been updated

Public Comments

(The following public comments are available in Japanese)

May 8, 2014 Publication of a draft of revisions to the Public Notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on Financial Instruments Obligation Assumption Businessopen new window
« Summary»
The FSA proposed a draft of revisions to the Public Notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on Financial Instruments Obligation Assumption Business, i.e. a business to assume obligations that arise in the trading of securities such as stocks and bonds, pursuant to the Order for Enforcement of the Financial Instruments and Exchange Act. The revision designates won-denominated interest rate swaps cleared at a Korea Exchange as transactions excluded from the regulation on Financial Instruments Obligation Assumption Business stipulated in the Financial Instruments and Exchange Act.
May 2, 2014: Publication of a draft of revisions to the Ordinances regarding regulations on over-the-counter (OTC) derivatives transactionsopen new window
« Summary»
The FSA proposed a draft of revisions to the Cabinet Office Ordinance regarding regulations on over-the-counter transactions of derivatives. The revision expands the scope of entities and products subject to central clearing obligation.

Press Releases

(The Following press release is available in English)

International

May 9, 2014: Exchange of Letters for Cooperation with the Bank of Thailand

(The Following press releases are available in Japanese)

Banks

May 9, 2014: Consolidation of Credit Guarantee Corporationsopen new window
«Summary»
On May 9, 2014, the FSA and the Ministry of Economy, Trade and Industry (the Small and Medium Enterprise Agency) approved the consolidation of "Credit Guarantee Corporation of Osaka-Fu" and "Credit Guarantee Corporation of Osaka-Shi" pursuant to Article 24, paragraph (3) of the Credit Guarantee Corporations Act.

Others

May 8, 2014: Updated List of issuers of gift certificates in repayment procedures based on the Payment Services Actopen new window
«Summary»
The FSA updated the list of issuers who are repaying or have completed repaying or announced the termination of use of the prepaid payment instruments, as defined in the Payment Services Act (e. g. gift vouchers, gift certificates, and prepaid cards).
May 7, 2014: Publication of reports on "Research on Preventive Measures against Circumvention of Tax on Financial Transactions" and "Research on Taxation of Investment Corporations"open new window
«Summary»
The FSA published two reports compiled by outside tax accountant corporations commissioned by the agency: "Research on Preventive Measures against Circumvention of Tax on Financial Transactions" by Ernst & Young Tax Co.-Japan and "Research on Taxation of Investment Corporations" by PricewaterhouseCoopers Co., Ltd.
May 7, 2014: An opinion survey of financial planners (FP) and securities sales representatives regarding the opinions of the users of NISAopen new window
«Summary»
The FSA is going to conduct a web-based opinion survey of financial planners (FP) and securities sales representatives regarding the opinions of the users of NISA. The FSA will use the results of the survey in promoting NISA.

Site Map

top of page