What’s New on the FSA Website

Week of November 27 - December 1, 2017

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

Press Conferences

December 1, 2017:	Press Conference by the Minister for Financial Services (November 24, 2017) (Available in Japanese)
December 1, 2017:	Press Conference by the Minister for Financial Services (November 21, 2017) (Available in Japanese)
November 30, 2017:	Press Conference by the Minister for Financial Services (November 17, 2017) (Available in Japanese)
November 30, 2017:	Press Conference by the Minister for Financial Services (November 14, 2017) (Available in Japanese)

Public Comments

(The following public comment is available in Japanese)

November 28, 2017:

Publication of the draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business” < Summary> The FSA proposed the draft amendment to the regulatory notice designating transactions and lending/borrowing to be excluded from the transactions subject to the regulations on “Financial Instruments Obligation Assumption Business” based on the “Order for Enforcement of the Financial Instrument and Exchange Act.” The amendment aims to extend the applicable period (date of expiration) of the current regulatory notice from December 31, 2017 to June 30, 2018.

Press Releases

(The following press releases are available in English)

International 

December 1, 2017:	Financial Stability Board (FSB) published a consultative document "Funding Strategy Elements of an Implementable Resolution Plan"
December 1, 2017:	Financial Stability Board (FSB) published a consultative document "Principles on Bail-in Execution"
November 30, 2017:	International Financial Consumer Protection Organization (FinCoNet) held the 2017 Annual General Meeting
November 27, 2017:	Public Statement by the Financial Action Task Force (FATF)

 

Banks

December 1, 2017:	Overview of regional banks' financial results as of September 30, 2017
December 1, 2017:	Overview of major banks’ financial results for the six months ended September 30, 2017

 

Insurance

December 1, 2017:	Overview of financial results of major insurance companies as of September 30, 2017(December 1, 2017)

Others

December 1, 2017:	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
November 29, 2017:	Updated statistics of money lending business

(The following press releases are available in Japanese)

Councils

November 29, 2017:	Publication of the agenda and handouts of the first meeting of the “Study Group on the Financial System” under the Financial System Council < Summary> The FSA published the agenda and handouts of the first meeting of the “Study Group on the Financial System” under the Financial System Council, which was held on November 29, 2017.

Securities

December 1, 2017:	An updated list of entities that are operating financial instruments businesses without proper registration (The 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. (See the updated list of Japan-based entities).

Insurance

December 1, 2017:	License granted to Japan Incorporation Preparation Life Insurance K.K. to conduct life insurance business < Summary> The FSA granted a license to Japan Incorporation Preparation Life Insurance K.K. to conduct life insurance business and granted approval to Aflac Holdings LLC for the establishment of a holding company having Japan Incorporation Preparation Life Insurance K.K. as its subsidiary, pursuant to the “Insurance Business Act.”
December 1, 2017:	License granted to Cardif Life Insurance Planning Company to conduct life insurance business < Summary> The FSA granted a license to Cardif Life Insurance Planning Company to conduct life insurance business pursuant to the “Insurance Business Act.”
December 1, 2017:	License granted to Cardif Non-Life Insurance Planning Company to conduct non-life insurance business < Summary> The FSA granted a license to Cardif Non-Life Insurance Planning Company to conduct non-life insurance business pursuant to the “Insurance Business Act.”
December 1, 2017:	License granted to Steamship Mutual Underwriting Association Limited to conduct foreign non-life insurance business < Summary> The FSA granted a license to Steamship Mutual Underwriting Association Limited to conduct foreign non-life insurance business pursuant to the “Insurance Business Act.”

Others

December 1, 2017:	The 10th Consultation Meeting in relation to the Multiple Debt Problem and Consumer Finance < Summary> On December 5, 2017, the FSA and the Consumer Affairs Agency jointly held the 10th 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 1, 2017:	New one-stop access for depositors to know about dormant deposits* under the “Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector” < Summary> Prior to the enforcement of the “Act on Utilization of Funds Related to Dormant Deposits to Promote Public Interest Activities by the Private Sector” scheduled in January 2018, the FSA newly added a subpage to its website to provide one-stop access for depositors to know about dormant deposits under the Act. The subpage provides information including an FAQ for depositors and relevant documents and materials pertaining to the Act. * Deposits, etc. for which ten years have elapsed since the most recent account activity date, etc. of those deposits, etc. are deemed as “dormant deposits.”
November 30, 2017:	Publication of the updated “Cabinet Office Order on Arrangement of the FSA-Related Cabinet Office Orders” in accordance with the enforcement of the “Act for Partial Revision of the Real Estate Specified Joint Enterprise Act” < Summary> The FSA updated the “Cabinet Office Order on Arrangement of the FSA-Related Cabinet Office Orders” in accordance with the enforcement of the “Act for Partial Revision of the Real Estate Specified Joint Enterprise Act.” The updates mainly pertain to renumbering of articles to reflect the revisions of the “Real Estate Specified Joint Enterprise Act” which is under joint jurisdiction of the Ministry of Land, Infrastructure, Transport and Tourism and the FSA. The updates were enforced on December 1, 2017.
November 27, 2017:	Activities of the FSA’s Counseling Office for Financial Services Users between July 1 and September 30, 2017 < Summary> The FSA’s Counseling Office for Financial Services Users offers a counseling service to respond to inquiries and comments from financial services users. Between July 1 and September 30, 2017, the counseling office received 8,173 inquiries and comments, remaining roughly flat from 8,289 cases in the previous quarter (between April 1 and June 30, 2017).