What’s New on the FSA Website

Week of February 13 – February 17, 2017

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

Public Comments

(The following public comments are available in Japanese)

February 17, 2017:

Publication of the draft amendments to the “Comprehensive Guidelines for Supervision of Major Banks, etc.” «Summary» The FSA proposed the draft amendments to the Comprehensive Guidelines for Supervision of Major Banks, etc. regarding Basel III Countercyclical Capital Buffer rules. The amendments aim to clarify operation of the Countercyclical Capital Buffer, including the FSA and BOJ’s coordination.

February 14, 2017:

Publication of the finalized amendments to the “Cabinet Office Ordinance on Disclosure of Corporate Affairs” «Summary» The FSA finalized the amendments to the “Cabinet Office Ordinance on Disclosure of Corporate Affairs” based on the proposal presented in the Report by the “Working Group on Corporate Disclosure” of the Financial System Council, which was published in April 2016. The amendments include adding “business policies/strategies” to annual securities reports as a new disclosure item.

Press Releases

(The following press releases are available in English)

International

February 14, 2017:	Exchange of Letters on co-operation in the area of banking supervision with the Central Bank of the Islamic Republic of Iran (CBI)

Others

February 16, 2017:	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

February 14, 2017:	Publication of the agenda and handouts of the fifth meeting of the Accounting Committee of the Business Accounting Council «Summary» The FSA published the agenda and handouts of the fifth meeting of the Accounting Committee of the Business Accounting Council, which was held on February 14, 2017.

Banks

February 17, 2017:

Publication of the “Order on the Special Provisions for the Duties of Deposit Insurance Corporation of Japan (DICJ)” pertaining to enforcement of the “Act on Utilization of Dormant Deposits to promote Public Interest Activities by the Private Sector” «Summary» The FSA published the “Order on the Special Provisions for the Duties of Deposit Insurance Corporation of Japan (DICJ)” pertaining to enforcement of the “Act on Utilization of Dormant Deposits to promote Public Interest Activities by the Private Sector.” The Order was enforced on February 17, 2016.

February 17, 2017:

Publication of the “Order for Enforcement of the Act on Utilization of Dormant Deposits to promote Public Interest Activities by the Private Sector” «Summary» The FSA published the “Order for Enforcement of the Act on Utilization of Dormant Deposits to promote Public Interest Activities by the Private Sector” pertaining to the loan/lending cap of the Deposit Insurance Corporation of Japan and delegation of the authority of the FSA to its subordinate administrative agencies. The Order was enforced on February 17, 2016.

Insurance

February 16, 2017:

Publication of a summary of the survey on insurance solicitors’ compliance with the updated rules of the “Insurance Business Act” «Summary» The FSA published a summary of the survey on insurance solicitors’ status of compliance with the updated rules of the “Insurance Business Act,” mainly regarding the insurance solicitors’ obligations of providing adequate information to customers and accommodating intentions of customers, subsequent to the enforcement of the said Act on May 29, 2016. The survey was conducted with 100 insurance agents by the FSA and Local Finance Bureaus from October through December 2016.

Others

February 17, 2017:	Publication of the agenda and handouts of the second meeting of the “Council of Experts on the Stewardship Code” «Summary» The FSA published the agenda and handouts of the second meeting of the “Council of Experts on the Stewardship Code,” which was held on February 17, 2017.