FSA Weekly Review No.169 November 5, 2015

What’s New on the FSA Website

Week of October 26 – October 30, 2015

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

Press Conferences

October 28, 2015:	Press Conference by the Minister for Financial Services (October 27, 2015) Japanese version
October 27, 2015:	Press Conference by the Minister for Financial Services (October 23, 2015) Japanese version

Public Comments

(The following public comments are available in Japanese)

October 30, 2015:	Publication of the finalized guidelines to eliminate discrimination against people with disabilities in the businesses under the supervision of the FSA «Summary» The FSA finalized the guidelines to eliminate discrimination against people with disabilities in the businesses under the supervision of the FSA. Based on the “Act for Eliminating Discrimination against Persons with Disabilities,” the guidelines stipulate appropriate attitudes that employees of the firms under the supervision of the FSA should take towards people with disabilities. The guidelines will be enforced on April 1, 2016.
October 30, 2015:	Publication of draft amendments to the “Comprehensive Guidelines for Supervision of Financial Instruments Business Operators” «Summary» The FSA proposed draft amendments to the “Comprehensive Guidelines for Supervision of Financial Instruments Business Operators.” The amendments are as follows: Clarifying supervisory points of attention when financial instruments business operators solicit financial transactions via “Junior NISA”* starting April 2016. Reflecting an increase in the annual investment limit for NISA from 1 million yen to 1.2 million yen from January 2016. Requiring securities companies to use J-IRISS (Japan-Insider Registration and Identification Support System) by the Japan Securities Dealers Association as a measure to prevent insider trading by the customers. *A tax free scheme for minors who are less than 20 years old to open a specially-designed NISA account with an annual investment limit of 800,000 yen.
October 27, 2015:	Publication of draft amendments to the “Comprehensive Guidelines for Supervision of Financial Market Infrastructures - Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories” «Summary» The FSA proposed draft amendments to the “Comprehensive Guidelines for Supervision of Financial Market Infrastructures - Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories.” The amendments clarify the major supervisory viewpoints pertaining to disclosure of financial market infrastructures, based on the CPSS-IOSCO’s* “Principles for financial market infrastructures” with its supplementary document, the “Disclosure framework and Assessment methodology,” in addition to the CPMI-IOSCO’s* “Public quantitative disclosure standards for central counterparties (CCPs).” *IOSCO: International Organization of Securities Commissions, CPMI: Committee on Payments and Market Infrastructures, and CPSS: Committee on Payments and Settlement Systems

October 30, 2015:

Publication of the finalized guidelines to eliminate discrimination against people with disabilities in the businesses under the supervision of the FSA

«Summary»
The FSA finalized the guidelines to eliminate discrimination against people with disabilities in the businesses under the supervision of the FSA. Based on the “Act for Eliminating Discrimination against Persons with Disabilities,” the guidelines stipulate appropriate attitudes that employees of the firms under the supervision of the FSA should take towards people with disabilities. The guidelines will be enforced on April 1, 2016.

October 30, 2015:

Publication of draft amendments to the “Comprehensive Guidelines for Supervision of Financial Instruments Business Operators”

«Summary»
The FSA proposed draft amendments to the “Comprehensive Guidelines for Supervision of Financial Instruments Business Operators.” The amendments are as follows:

Clarifying supervisory points of attention when financial instruments business operators solicit financial transactions via “Junior NISA”* starting April 2016.
Reflecting an increase in the annual investment limit for NISA from 1 million yen to 1.2 million yen from January 2016.
Requiring securities companies to use J-IRISS (Japan-Insider Registration and Identification Support System) by the Japan Securities Dealers Association as a measure to prevent insider trading by the customers.

*A tax free scheme for minors who are less than 20 years old to open a specially-designed NISA account with an annual investment limit of 800,000 yen.

October 27, 2015:

Publication of draft amendments to the “Comprehensive Guidelines for Supervision of Financial Market Infrastructures - Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories”

«Summary»
The FSA proposed draft amendments to the “Comprehensive Guidelines for Supervision of Financial Market Infrastructures - Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories.”
The amendments clarify the major supervisory viewpoints pertaining to disclosure of financial market infrastructures, based on the CPSS-IOSCO’s* “Principles for financial market infrastructures” with its supplementary document, the “Disclosure framework and Assessment methodology,” in addition to the CPMI-IOSCO’s* “Public quantitative disclosure standards for central counterparties (CCPs).”

*IOSCO: International Organization of Securities Commissions, CPMI: Committee on Payments and Market Infrastructures, and CPSS: Committee on Payments and Settlement Systems

Press Releases

(The following press releases are available in English)

International

October 30, 2015:	International Financial Consumer Protection Organization (FinCoNet) held the 2015 Annual General Meeting

Councils

October 30, 2015:	The third meeting of the Working Group on Payments and Transaction Banking of the Financial System Council (November 4th, 2015)

Banks

October 30, 2015:	Update on measures taken in response to the Great East Japan Earthquake (as of October 30, 2015)
October 30, 2015:	Information sharing of cases regarding unauthorized use of bank accounts

Publication

October 27, 2015:	Publication of the 148th issue of the FSA’s monthly journal, Access FSA

Others

October 30, 2015:	Updated list of issuers of gift certificates in repayment procedures based on the "Payment Services Act"
October 29, 2015:	Updated statistics of money lending business

(The following press releases are available in Japanese)

Banks

October 30, 2015:	Figures regarding suspended repayments following the Great East Japan Earthquake (as of July 31, 2015) «Summary» The FSA published the number of debtors and the amount of debt for whom contractual repayment was 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).

October 30, 2015:

Figures regarding suspended repayments following the Great East Japan Earthquake (as of July 31, 2015)

«Summary»
The FSA published the number of debtors and the amount of debt for whom contractual repayment was 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).

Securities

October 30, 2015:	Updated list of entities that are operating financial instruments businesses without proper registration (Kanto Local Finance Bureau) «Summary» The FSA (Kanto Local Finance Bureau) issued a warning to the Marblestone Partners Ltd. that is operating financial instruments business without proper registration.

Others

October 30, 2015:	Activities of the FSA's Counseling Office for Financial Services Users in FY 2015-2Q «Summary» The FSA’s Counseling Office for Financial Services Users offers a counseling service in response to inquiries and comments from financial services users. In the second quarter of FY 2015 (between July 1 and September 30, 2015), the counseling office received 8,890 inquiries and comments, a slight decrease from 9,201 cases in the previous quarter (between April 1 and June 30, 2015). Among them, 291 cases were received through the ex-ante consulting services.

October 30, 2015:

Activities of the FSA's Counseling Office for Financial Services Users in FY 2015-2Q

«Summary»
The FSA’s Counseling Office for Financial Services Users offers a counseling service in response to inquiries and comments from financial services users. In the second quarter of FY 2015 (between July 1 and September 30, 2015), the counseling office received 8,890 inquiries and comments, a slight decrease from 9,201 cases in the previous quarter (between April 1 and June 30, 2015). Among them, 291 cases were received through the ex-ante consulting services.

Site Map

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Regulated Institutions Page list Open: List of Institutions; Administrative Action; Statistics; For those engaging in High Speed Trading; To Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc.; Asia Region Funds Passport (ARFP)
FSA Weekly Review & ACCESS FSA Page list Open: Back Number (2022); Back Number (2021); Back Number (2020)

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