What’s New on the FSA Website

Week of April 4 – April 8, 2016

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

Press Conferences

April 6, 2016:	Press Conference by the Minister for Financial Services (April 5, 2016) (Available in Japanese)
April 5, 2016:	Press Conference by the Minister for Financial Services (April 1, 2016) Japanese version

Public Comments

(The following public comment is available in Japanese)

April 6, 2016:	Publication of draft amendments to the “Cabinet Office Ordinance on Financial Instruments Business” «Summary» The FSA proposed draft amendments to the “Cabinet Office Ordinance on Financial Instruments Business.” The proposal includes rules on margin requirements from the perspective of ensuring proper risk management by OTC FX traders that engage in business with corporate clients.

Press Releases

(The following press releases are available in English)

International

April 7, 2016:	Basel Committee on Banking Supervision published a consultative document “Revisions to the BaselIII leverage ratio framework” and updated “Frequently asked questions on the Basel III leverage ratio framework”
April 6, 2016:	Basel Committee on Banking Supervision published a report “Regulatory consistency assessment programme(RCAP)-Analysis of risk-weighted assets for credit risk in the banking book”

Councils

April 11, 2016:	The fifth meeting of the Working Group on Corporate Disclosure of the Financial System Council

Securities

April 7, 2016:	To Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc.

Others

April 8, 2016:	Statement of the Minister for Financial Services on Financial System Council's discussion about various issues in Japanese markets and exchanges
April 6, 2016:	Publication of the Recommendations from the “Advisory Council on the Systems of Accounting and Auditing”
April 6, 2016:	Publication of the summary of the forth meeting of the Advisory Council on the Systems of Accounting and Auditing
April 5, 2016:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
April 4, 2016:	Tax Reform in FY 2016 Key FSA-related Items in the Outline for the FY 2016 Tax Reform

(The following press releases are available in Japanese)

Banks

April 8, 2016:

Publication of the updated “Comprehensive Guidelines for Supervision of Financial Market Infrastructures – Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories” «Summary» The FSA published the updated “Comprehensive Guidelines for Supervision of Financial Market Infrastructures – Clearing Organizations, Fund Clearing Organizations, Book-entry Transfer Institutions, and Trade Repositories.” The updates clarify that the rules for domestic clearing organizations are also applied to foreign clearing organizations. The guidelines were enforced on April 8, 2016.

April 8, 2016:

Publication of the updated regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business” «Summary» The FSA published the updated regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business.” The provisions regarding LCH.Clearnet Limited were deleted, following the FSA’s granting of a license to LCH.Clearnet Limited. The regulatory notice was enforced on April 8, 2016.

Securities

April 8, 2016:

License granted to LCH.Clearnet Limited to conduct “Financial Instruments Obligation Assumption Business” «Summary» The FSA granted a license to LCH.Clearnet Limited to conduct “Financial Instruments Obligation Assumption Business,” pursuant to the “Financial Instruments and Exchange Act.”

April 8, 2016:

Administrative action against SUPREMACY ASSET PARTNERS Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against SUPREMACY ASSET PARTNERS Co., Ltd., ordering the revocation of the entity’s registration and the improvement of its business operations pursuant to the “Financial Instruments and Exchange Act.” This administrative action is based on a recommendation from the Securities and Exchange Surveillance Commission (SESC) as a result of their on-site inspection.

Others

April 8, 2016:	Warnings about entities that are operating money lending businesses without proper registration «Summary» The FSA (Local Finance Bureaus) updated its warnings about entities that are operating money lending businesses without proper registration. The warnings include the updated list of entities that misrepresent their registration using fictitious or stolen registration numbers.