What’s New on the FSA Website

Week of July 6 – July 10, 2015

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

Press Conferences

July 9, 2015:	Press Conference by the Minister for Financial Services (July 7, 2015) Japanese version
July 6, 2015:	Press Conference by the Minister for Financial Services (July 3, 2015) Japanese version

Public Comments

(The following public comment is available in Japanese)

July 7, 2015:

Publication of the updated "Supervisory Guidelines for Small Amount and Short Term Insurance Providers" for the implementation of the 2014 revisions of the "Insurance Business Act" «Summary» The FSA finalized amendments to the "Supervisory Guidelines for Small Amount and Short Term Insurance Providers" for the implementation of the 2014 revisions of the “Insurance Business Act.” The amendments update the rules regarding insurance solicitors’ obligations to provide adequate information to customers, work to accommodate the intentions of customers, and develop the compliance system for appropriate insurance solicitation. The amendments also introduce the clarification of insurance solicitation.

Press Releases

(The following press releases are available in English)

International

July 10, 2015:	Financial Stability Board published an interim report “Progress in Reforming Major Interest Rate Benchmarks”
July 10, 2015:	Basel Committee on Banking Supervision updated the “Frequently asked questions on the Basel III leverage ratio framework”

Others

July 10, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"

(The following press releases are available in Japanese)

Others

July 9, 2015:	Announcement of personnel changes (announced July 9, 2015)
July 8, 2015:	Warnings about entities that are operating money lending businesses without proper registration «Summary» The FSA (Local Finance Bureaus) updated warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that lie about their registration with fictitious or stolen registration numbers.
July 7, 2015:	Request for enhanced cooperation to the Japanese Institute of Certified Public Accountants (JICPA) «Summary» The FSA requested enhanced cooperation from the JICPA in order to promote effective dialogue with accounting auditors in charge of financial institutions even when the institution is not currently under FSA’s on-site inspection as part of the FSA’s efforts to enhance its supervisory function by further integrating its on-site inspection and off-site supervision into continuous and seamless monitoring.
July 3, 2015:	Publication of the annual Financial Monitoring Report «Summary» The FSA published the annual Financial Monitoring Report. The FSA has conducted the monitoring of financial institutions pursuant to the annual Financial Monitoring Policy published in September 2014. The report outlines the analysis and the challenges identified through the monitoring process. The period reflected in the report extends from July 2014 through June 2015.