What’s New on the FSA Website

Week of March 6 - March 10, 2017

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

Press Conferences

March 7, 2017:	Press Conference by the Minister for Financial Services (March 3, 2017) Japanese version
March 7, 2017:	Press Conference by the Minister for Financial Services (February 28, 2017) (Available in Japanese )

Press Releases

(The following press releases are available in English)

International

March 9, 2017:	Financial regulators of Japan and UK announce Exchange of Letters on Co-operation Framework to support innovative FinTech companies
March 6, 2017:	International Association of Insurance Supervisors (IAIS) published consultative documents “Revised Insurance Core Principles (ICPs)” and “ComFrame material integrated with ICPs”

Others

March 9, 2017:	Multilateral joint research on financial trading on blockchains
March 7, 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)

Banks

March 10, 2017:	License granted to Tokyo Branch of Citibank, N.A. to conduct banking business < Summary> The FSA granted a license to Tokyo Branch of Citibank, N.A. to conduct banking business pursuant to the “Banking Act.”

Securities

March 10, 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).

March 7, 2017:

Administrative action against Japan Asia Asset Management Co., Ltd. < Summary> On March 7, 2017, the FSA took an administrative action against Japan Asia Asset Management Co., Ltd. (for conducting problematic business operations from investor protection perspective), 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 its on-site inspection.

Others

March 10, 2017:	Publication of the agenda and handouts of the second meeting of the “Working Group on Underwriting in Initial Public Offering” < Summary> The FSA published the agenda and handouts of the second meeting of the “Working Group on Underwriting in Initial Public Offering,” which was held on March 10, 2017.
March 8, 2017:	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.