What’s New on the FSA Website

Week of August 31 – September 4, 2015

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

Press Conferences

September 2, 2015:	Press Conference by the Minister for Financial Services (September 1, 2015) Japanese version
August 31, 2015:	Press Conference by the Minister for Financial Services (August 28, 2015) Japanese version

Public Comments

(The following public comments are available in Japanese)

September 4, 2015:

Publication of the updated “Ordinance on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements” «Summary» The FSA finalized amendments to the “Ordinance on Terminology, Forms, and Preparation Methods of Consolidated Financial Statements.” The amendments reflect the issuance of “Japan’s Modified International Standards (JMIS): Accounting Standards Comprising IFRSs and the ASBJ Modifications” by the ASBJ on June 30, 2015. The Ordinance has been enforced since September 4, 2015.

September 2, 2015:

Publication of the updated “Cabinet Office Ordinance on Restrictions on Securities Transactions” and the guidelines for the “Financial Instruments and Exchange Act” regarding the regulation on insider trading «Summary» The FSA finalized the amendments to the “Cabinet Office Ordinance on Restrictions on Securities Transactions” and the guidelines for the “Financial Instruments and Exchange Act” regarding the regulation on insider trading. The following is a brief overview of the finalized amendments. The amendments to the Cabinet Office Ordinance defining comprehensive exemption for stock-purchasing/selling contracts and schemes made before knowing insider information. The amendments intend to make it clearer that the stock-purchasing/selling under these contracts and schemes does not usually violate regulations against insider trading. (Will be enforced on September 16, 2015). The amendments to guidelines clarifying the interpretation of the provisions to exempt the counter stock-purchase arrangement against hostile TOB. (Applied on September 2, 2015).

Press Releases

(The following press releases are available in English)

International

September 4, 2015:	International Organization of Securities Commissions published “Peer Review of Implementation of Incentive Alignment Recommendations for Securitisation: Final Report”
September 4, 2015:	International Organization of Securities Commission (IOSCO) published “Peer Review of Regulation of Money Market Funds: Final Report”

Banks

August 31, 2015:	Update on measures taken in response to the Great East Japan Earthquake (as of August 31, 2015)

Publication

August 31, 2015:	Publication of the 146th issue of the FSA’s monthly journal, Access FSA

Others

September 3, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
August 31, 2015:	Updated statistics of money lending business

(The following press releases are available in Japanese)

Banks

August 31, 2015:

Figures regarding suspended repayments following the Great East Japan Earthquake (as of May 31, 2015) «Summary» The FSA published the number of debtors and the amount of debt for which contractual repayment has been suspended following the Great East Japan Earthquake. The numbers are based on hearings with financial institutions in the three prefectures most heavily affected by the earthquake (Iwate, Miyagi, and Fukushima).

Securities

September 4, 2015:

Publication of statistics regarding over-the-counter (OTC) derivative transactions (as of June 30, 2015) «Summary» In accordance with Article 156-66 of the Financial Instruments and Exchange Act, the FSA published the over-the-counter (OTC) derivatives report as of the end of June 2015. This report aggregated the OTC derivative transactions data reported from the Financial Instruments Business Operators, etc. in Japan.

Others

September 4, 2015:	Schedule of the 2015 campaign for multiple-debt consultation «Summary» From September 1 through December 31, 2015, the FSA, Local Finance Bureaus, local governments, and related organizations cooperate to hold an annual campaign based on the “Program to Remedy the Multiple Debt Problem.” During the campaign, consultation services are provided free of charge nationwide and publicity activities are held to encourage the potential multiple debtors to come to the consultation counters. Additional information on the schedule and venues will be updated on the website.
September 2, 2015:	Announcement of personnel changes (announced September 1, 2015)
August 31, 2015:	Publication of the FY 2014 Performance Evaluation Report «Summary» The FSA published the following evaluations pursuant to the “Government Policy Evaluations Act.” FY 2014 Performance Evaluation Report FY 2015 Project Evaluation Report Ex-ante Supplementary Evaluation of a Part of the FY2015 Project An evaluation of policies regarding the special tax measures was also published.
August 31, 2015:	Publication of the minutes and handouts of the 24th Expert Panel on Policy Assessment «Summary» The FSA published the minutes and handouts of the 24th Expert Panel on Policy Assessment held on June 29, 2015.
August 31, 2015:	Publication of the “FSA Policy Evaluation Implementation Plan for FY2015” «Summary» The FSA published its Policy Evaluation Implementation Plan for FY 2015. The plan has been reviewed by outside experts and their inputs are reflected in the plan. The FSA will conduct policy evaluation pursuant to the plan and the results will be published in due course.
August 31, 2015:	Publication of the FSA's FY 2016 request for tax revisions «Summary» The FSA published the FY 2016 request for tax revisions. The requests mainly consist of three subjects as follows. Supporting household asset formation and expanding funding for growing business. Supporting business revitalization of small and medium-sized enterprises which contribute to activating regional economies. Enhancing convenience and revitalizing Japan’s capital market as an “International Financial Center.”
August 31, 2015:	Publication of the expenditure budget request for FY 2016 «Summary» The FSA published the expenditure budget request for FY 2016.
August 31, 2015:	Publication of the request for budget, organization and staff for FY 2016 «Summary» The FSA published an overview of the request for budget, organization and staff for FY 2016.