What’s New on the FSA Website

Week of June 13 – June 17, 2016

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

Press Conferences

June 15, 2016:	Press Conference by the Minister for Financial Services (June 14, 2016) Japanese version

Public Comments

(The following public comment is available in Japanese)

June 14, 2016:

Publication of the finalized amendments to the “Cabinet Office Ordinance on Financial Instruments Business” «Summary» The FSA finalized the amendments to the “Cabinet Office Ordinance on Financial Instruments Business.” The amendments include rules on margin requirements from the perspective of ensuring proper risk management by OTC FX traders that engage in business with corporate clients. The Ordinance will be enforced on February 27, 2017.

Press Releases

(The following press releases are available in English)

International

June 17, 2016:	Basel Committee on Banking Supervision published reports on the five jurisdictions “Regulatory Consistency Assessment Programme (RCAP) Assessment of Basel III G-SIB framework and review of D-SIB frameworks)”
June 17, 2016:	International Association of Insurance Supervisors (IAIS) published final reports “Global Systemically Important Insurers: Updated Assessment Methodology” and “Systemic Risk from Insurance Product Features”
June 13, 2016:	The Sixth Japan- Korea Shuttle Meeting on Financial Issues

Others

June 17, 2016:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”

(The following press releases are available in Japanese)

Banks

June 15, 2016:	Publication of statistics regarding unlawful reimbursement of deposits «Summary» The FSA published statistics on unlawful reimbursement of deposits involving counterfeit and stolen cash cards, stolen deposit books, and unlawful internet banking activities. The statistics include details of incidents and compensation made by financial institutions based on the reports they submitted.

Securities

June 17, 2016:	The first trial of an administrative penalty case against OPTROM, INC. for making false statements in its securities reports «Summary» On June 30, 2016, the first trial of an administrative penalty case against OPTROM, INC. for making false statements in its securities reports will be conducted.
June 17, 2016:	Administrative penalty charge against an individual for committing insider trading regarding stocks of FreeBit Co., Ltd. «Summary» On June 16, 2016, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading of stocks of FreeBit Co., Ltd. by using information received from a contact negotiator of FreeBit Co., Ltd.
June 17, 2016:	Administrative penalty charge against a contract negotiator for committing insider trading regarding stocks of FreeBit Co., Ltd. «Summary» On June 16, 2016, the FSA issued an order to impose an administrative penalty charge against a contract negotiator of FreeBit Co., Ltd. for committing insider trading of stocks of FreeBit Co., Ltd.
June 17, 2016:	Administrative action against IS Securities Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against IS Securities Co., Ltd., ordering 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.
June 17, 2016:	Administrative action against Jyoko Securities Co., Ltd. (Hokkaido Local Finance Bureau) «Summary» The Hokkaido Local Finance Bureau took an administrative action against Jyoko Securities Co., Ltd., ordering 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.
June 17, 2016:	Administrative action against Takematsu Securities Co., Ltd. (Hokuriku Local Finance Bureau) «Summary» The Hokuriku Local Finance Bureau took an administrative action against Takematsu Securities Co., Ltd., ordering 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.
June 17, 2016:	Administrative action against Nobata Securities Co., Ltd. (Tokai Local Finance Bureau) «Summary» The Tokai Local Finance Bureau took an administrative action against Nobata Securities Co., Ltd., ordering the suspension of its business (: dealings in private placement of securities at all its branches) from June 20 to July 19, 2016, 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.
June 16, 2016:	Administrative action against Pregian Securities Co., Ltd. (Kinki Local Finance Bureau) «Summary» The Kinki Local Finance Bureau took an administrative action against Pregian Securities Co., Ltd., ordering the suspension of its business (: dealings in private placement of securities) from June 17 to July 15, 2016, 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.
June 16, 2016:	Publication of the “List of Notified Business Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc., whom our authority can not make contact” «Summary» The FSA newly published the “List of Notified Business Operators of Specially Permitted Businesses for Qualified Institutional Investors, etc., whom our authority can not make contact.”
June 14, 2016:	Administrative action against Leading Securities Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against Leading Securities Co., Ltd., ordering 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.
June 14, 2016:	Administrative action against Kyowa Securities Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against Kyowa Securities Co., Ltd., ordering 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.
June 14, 2016:	Administrative action against Yamagata Securities Co., Ltd. (Tohoku Local Finance Bureau) «Summary» The Tohoku Local Finance Bureau took an administrative action against Yamagata Securities Co., Ltd., ordering 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.
June 14, 2016:	Administrative action against Daikumamoto Securities Co., Ltd. (Kyushu Local Finance Bureau) «Summary» The Kyushu Local Finance Bureau took an administrative action against Daikumamoto Securities Co., Ltd., ordering 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

June 17, 2016:	Announcement of personnel changes (announced June 17, 2016)