What’s New on the FSA Website

Week of June 1 - June 5, 2015

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

Press Conferences

June 3, 2015:	Press Conference by the Minister for Financial Services (June 2, 2015) (Available in Japanese)

Public Comments

(The following public comments are available in Japanese)

June 3, 2015:

Publication of a draft amendment to the "Order for Enforcement of the Money Lending Business Act" «Summary» The FSA proposed a draft amendment to the "Order for Enforcement of the Money Lending Business Act." The amendment clarifies that a cash advance taken by a non-resident, such as a visitor from abroad, through an ATM by using his/her foreign-issued credit card, is exempted from the regulation of the “Money Lending Business Act.”

June 3, 2015:

Publication of a draft amendment to the “Cabinet Office Ordinance on Prepaid Payment Instruments” «Summary» The FSA proposed a draft amendment to the “Cabinet Office Ordinance on Prepaid Payment Instruments.” The amendment indicates that the refund on prepaid payment instruments is treated as exemption in the case where a foreign tourist who owns a prepaid payment instrument leaves Japan.

Press Releases

(The following press releases are available in English)

International

June 4, 2015:	The Joint Forum issued a report “Developments in credit risk management across sectors: current practices and recommendations”

Banks

June 5, 2015:	Overview of major banks’ financial results as of March 31, 2015
June 5, 2015:	Overview of regional banks’ financial results as of March 31, 2015

Insurance

June 5, 2015:	Overview of financial results of major insurance companies as of March 31, 2015

Others

June 4, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
June 3, 2015:	Tax Reform in FY 2015 Key FSA-related Items in the Outline for the FY 2015 Tax Reform
June 2, 2015:	Announcement of personnel changes (announced May 19, 2015)

(The following press releases are available in Japanese)

Banks

June 4, 2015:

Requests to banks’ associations to take precautionary measures for the prevention of unauthorized or fraudulent activities in response to the leak of personal data at the Japan Pension Service «Summary» To call for more public attention, the FSA requested that the banks’ associations take precautionary measures in response to the recent leak of personal data at the Japan Pension Service for the prevention and information gathering of such unauthorized or fraudulent activities as unauthorized use of bank accounts and bank transfer fraud.

Securities

June 5, 2015:	Updated list of qualified institutional investors engaging in a specially permitted business who are operating financial instruments business without proper registration (Kanto Local Finance Bureau) «Summary» The FSA (Kanto Local Finance Bureau) issued warnings to qualified institutional investors who are operating financial instruments business without proper registration.

Others

June 5, 2015:	Updated list of entities who are operating financial instruments businesses without proper registration (Kanto Local Finance Bureau) «Summary» The FSA (Kanto Local Finance Bureau) issued warnings to entities who are operating financial instruments businesses without proper registration.
June 1, 2015:	The 49th Meeting of the Financial Service ADR (Alternative Dispute Resolution) Liaison Group to be held on June 15, 2015 «Summary» On June 15, 2015, the Financial Service ADR Liaison Group will hold its 49th meeting. At the meeting, the Group will receive a report on the implementation of the financial ADR system, and will discuss further improvement of the system.
May 29, 2015:	Warning against prepaid payment instruments scams «Summary» The FSA issued a warning against fraudulent requests for the card numbers of purchased prepaid payment instruments. This warning requests that the public refrains from giving the card numbers of purchased prepaid payment instruments to a fraudulent firm that intends to defraud the prepaid payment instruments. Examples of fraudulent requests made by fraudulent firms that intend to defraud prepaid payment instruments; -Request to pay for a sign-up fee to a sexually explicit site -Request through email to pay for an access to a pay-per-use site that you have no recollection of visiting