What’s New on the FSA Website

Week of February 20 – February 24, 2017

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

Press Conferences

February 21, 2017:	Press Conference by the Minister for Financial Services (February 17, 2017) (Available in Japanese)
February 21, 2017:	Press Conference by the Minister for Financial Services (February 14, 2017) (Available in Japanese)

Press Releases

(The following press release is available in English)

Others

February 23, 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)

Securities

February 24, 2017:	Administrative actions against Wolk Huren Japan Co., Ltd. and Silver Stay LLC. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took administrative actions against Wolk Huren Japan Co., Ltd. and Silver Stay LLC (the notifiers of specially permitted businesses for qualified investors (SPBQII)), ordering the improvement of their business operations pursuant to the “Financial Instruments and Exchange Act.” These administrative actions are based on a recommendation from the Securities and Exchange Surveillance Commission (SESC) as a result of their on-site inspection.
February 24, 2017:	Administrative action against INFOSHIP LLC. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against INFOSHIP LLC (the notifier of specially permitted businesses for qualified investors (SPBQII)), 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.
February 24, 2017:	Administrative action against World Stage LLC. (Kanto Local Finance Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against World Stage LLC (the notifier of specially permitted businesses for qualified investors (SPBQII)), ordering the abolition of the entity’s entire business 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.
February 24, 2017:	Administrative action against Ryukyu Kyoei Kabushiki Kaisha* (Kanto Local Financial Bureau) «Summary» The Kanto Local Finance Bureau took an administrative action against Ryukyu Kyoei Kabushiki Kaisha* (the notifier of specially permitted businesses for qualified investors (SPBQII)), ordering the abolition of the entity’s entire business and the improvement of its business operations pursuant to the “Financial Instruments and Exchange Act.” * This corporate name is not available in English and is the Romanized version of its Japanese name.
February 24, 2017:	Administrative actions against the eight notifiers of specially permitted business for qualified institutional investors (SPBQII) who failed to meet the statutory deadline for filing the required notifications to the authorities «Summary» The Kanto Local Finance Bureau took administrative actions against the eight notifiers of specially permitted business for qualified institutional investors (SPBQII) who failed to meet the statutory deadline for filing the required notifications to the Kanto Local Financial Bureau, ordering the improvement of their business operations pursuant to the “Financial Instruments and Exchange Act.”
February 24, 2017:	Administrative actions against the notifiers of specially permitted business for qualified institutional investors (SPBQII) whom the Kanto Local Finance Bureau cannot make contact «Summary» The Kanto Local Finance Bureau took administrative actions against the nine notifiers of specially permitted business for qualified institutional investors (SPBQII) whom the Kanto Local Finance Bureau cannot make contact, ordering the abolition of the business operators’ entire specially permitted businesses for qualified institutional investors and the improvement of their business operations pursuant to the “Financial Instruments and Exchange Act.”
February 22, 2017:	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).

Others

February 22, 2017:

Publication of the agenda and handouts of the 52nd Meeting of the Financial Service ADR (Alternative Dispute Resolution) Liaison Group «Summary» The FSA published the agenda and handouts of the 52nd Meeting of the Financial Service ADR Liaison Group, which was held on February 22, 2017.

February 21, 2017:

Administrative action against Yotsuba Audit Corporation «Summary» The FSA took an administrative action against Yotsuba Audit Corporation, ordering the entity to improve its operations, pursuant to Article 34-21(2) (iii) of the “Certified Public Accountants Act.” This administrative action is based on a recommendation from the Certified Public Accountants and Auditing Oversight Board as a result of their on-site inspection.