What’s New on the FSA Website

Week of December 5 – December 9, 2016

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

Press Conferences

December 5, 2016:	Press Conference by the Minister for Financial Services (November 29, 2016) (Available in Japanese)

Press Releases

(The following press releases are available in English)

Councils

December 6, 2016:	The 4th meeting of the Working Group on the Financial System of the Financial System Council (December 8th, 2016)

Others

December 9, 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)

Councils

December 9, 2016:	Publication of the agenda and handouts of the fourth meeting of the “Working Group on the Financial System” of the Financial System Council «Summary» The FSA published the agenda and handouts of the fourth meeting of the “Working Group on the Financial System” of the Financial System Council, which was held on December 8, 2016.
December 7, 2016:	Publication of the agenda and handouts of the eleventh meeting of the “Working Group on Financial Markets” of the Financial System Council «Summary» The FSA published the agenda and handouts of the eleventh meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on December 7, 2016.

Banks

December 6, 2016:	Requests for the facilitation of financing for small and medium-sized enterprises during the year-end season «Summary» On December 6, 2016, the FSA requested that bank associations of deposit taking financial institutions and The Norinchukin Bank facilitate financing for small and medium-sized enterprises during the year-end season.

Securities

December 8, 2016:	Updated lists of entities that are operating financial instruments businesses without proper registration (Kanto Local Finance Bureau) «Summary» The FSA and the Kanto Local Finance Bureau issued warnings to entities that are operating financial instruments businesses without proper registration. (cf. updated list of Japan-based entities and foreign-based entities).
December 8, 2016:	Administrative action against Asset-Creation Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against Asset-Creation Co., Ltd., ordering the abolition of the entity’s entire specially permitted business for qualified institutional investors 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.
December 8, 2016:	Administrative action against AJ ASSET CREATION Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against AJ ASSET CREATION Co., Ltd., ordering the abolition of the entity’s entire specially permitted business for qualified institutional investors 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.
December 8, 2016:	Administrative action against e-asset. management. Co., Ltd. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against e-asset. management. 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

December 8, 2016:	The eighth Consultation Meeting in relation to the Multiple Debt Problem and Consumer Finance «Summary» On December 13, 2015, the FSA and the Consumer Affairs Agency jointly held the eighth Consultation Meeting relating to the Multiple Debt Problem and Consumer Finance. The consultation meeting was held to follow up the status on lenders and borrowers as part of the measures based on the “Program to Remedy the Multiple Debt Problem.”
December 8, 2016:	2016 campaign for multiple-debt problem consultation «Summary» From September 1 through December 31, 2016, 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” decided in 2007 by the headquarters for the multiple debt problems in the Cabinet Office. During the campaign, free of charge consultation services are provided nationwide and publicity activities are held to encourage the potential multiple debtors to come to the consultation counters.
December 8, 2016:	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 misrepresent their registration using fictitious or stolen registration numbers.
December 7, 2016:	Establishment of the “Japan Network for the IFIAR (International Forum of Independent Audit Regulators)” and publication of the agenda and the meeting documents «Summary» Prior to the scheduled establishment of the IFIAR’s permanent Secretariat in Tokyo in April 2017, the FSA established the “Japan Network for the IFIAR” and held its first general meeting on December 7, 2016. It aims to establish a network comprised of various stakeholders who engage in auditing and to support the activities of the IFIAR Secretariat in Japan, thereby contributing to global enhancement of audit quality. Exchange of opinions among leaders in the network is expected to improve audit quality and enhance confidence in the Japanese capital market.