Financial Services AgencyFSA Weekly Review No.287

March 29, 2018

What’s New on the FSA Website

Week of March 19 - March 23, 2018

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

Public Comments

(The following public comments are available in Japanese)

March 23, 2018 Publication of the finalized cabinet office order to amend the “Regulation on Terminology, Forms and Preparation Methods of Consolidated Financial Statements”open new window
< Summary>
The FSA finalized a cabinet office order to amend the “Regulation on Terminology, Forms and Preparation Methods of Consolidated Financial Statements,” following the ASBJ’s publication of the ASBJ Statement No. 28 Partial Amendments to Accounting Standard for Tax Effect Accounting. The order was enforced on March 23, 2018.
March 23, 2018 Publication of the finalized amendments to the regulatory notices pertaining to Pillar 1 and Pillar 3 requirements of capital adequacyopen new window
< Summary>
The FSA finalized the amendments to the regulatory notices pertaining to Pillar 1 and Pillar 3 requirements of capital adequacy. The amendments mainly reflect the final standards of BCBS which were published in 2014; namely, “The standardised approach for measuring counterparty credit risk exposures” and “Capital requirements for bank exposures to central counterparties.” The amendments will be enforced on March 31, 2018.

Press Releases

(The following press releases are available in English)

International 

March 23, 2018 PDFFinancial Stability Board (FSB) published reports to G20 Finance Ministers and Central Bank Governorsopen new window
March 20, 2018 Public Statement by the Financial Action Task Force (FATF)open new window


Councils

March 22, 2018 The sixth meeting of the "Study Group on the Financial System" under the Financial System Council


Others

March 23, 2018 PDF Replacing checklists with engagement - speech by Ryozo Himino
March 20, 2018 Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
March 19, 2018 Blockchain Round-Table [Multilateral Joint Research project]


(The following press releases are available in Japanese)

Banks

March 22, 2018 The updated Business Revitalization Plan of Shinsei Bank Limitedopen new window
< Summary>
The FSA accepted the updated Business Revitalization Plan of Shinsei Bank Limited.


Securities

March 23, 2018 Points that need to be addressed in a securities report (FY 2018 and thereafter) and securities report review from FY 2018 onwardsopen new window
< Summary>
The FSA published points that need to be addressed in a securities report from FY 2018 onwards as follows:

1) Points related to the newly applied disclosure regulations

2) Points related to the results of the securities report review of the prior year

Also, the FSA is to conduct securities report review for the reports submitted in FY 2018 and thereafter. The main three pillars of the review are:

- the review on the application of the newly applied regulations;

- the review on the implementation of key priority themes; and

- the review by utilizing information from disclosure, media, and retail investors.
March 20, 2018 Administrative action against Kabushiki Kaisha nagiee* (The Kanto Local Finance Bureau)open new window
< Summary>
The Kanto Local Finance Bureau took an administrative action against Kabushiki Kaisha nagiee* (a business operator engaged in Type II Financial Instruments Business) which the Kanto Local Finance Bureau cannot ascertain the location of its office, ordering the revocation of the entity’s registration 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.
March 20, 2018 Administrative action against Rei Kabushiki Kaisha* (The Kanto Local Finance Bureau)open new window
< Summary>
The Kanto Local Finance Bureau took an administrative action against Rei Kabushiki Kaisha* (a business operator engaged in Type II Financial Instruments Business) which the Kanto Local Finance Bureau cannot ascertain the location of its office, ordering the revocation of the entity’s registration 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.
March 20, 2018 Administrative action against FAS Planning Kabushiki Kaisha* (The Kanto Local Finance Bureau)open new window
< Summary>
The Kanto Local Finance Bureau took an administrative action against FAS Planning Kabushiki Kaisha* (a business operator engaged in Type II Financial Instruments Business) which the Kanto Local Finance Bureau cannot ascertain the location of its office, ordering the revocation of the entity’s registration 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.
March 20, 2018 Administrative penalty charge against PIXELCOMPANYZ INC. for making false statements in its securities reportsopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against PIXELCOMPANYZ INC. for making false statements in its securities reports.
March 20, 2018 Administrative penalty charge against ASSET DESIGN Co., Ltd. for market manipulation regarding stocks of Evolable Asia Corp.open new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against ASSET DESIGN Co., Ltd. for market manipulation regarding stocks of Evolable Asia Corp.
March 20, 2018 Administrative penalty charge against an individual for committing insider trading regarding stocks of Anshin Guarantor Service Co.,Ltd. by using received insider informationopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading of stocks of Anshin Guarantor Service Co.,Ltd. by using information received from an officer of a tender offeror of Anshin Guarantor Service Co.,Ltd.
March 20, 2018 Administrative penalty charge against an individual for committing insider trading regarding stocks of Anshin Guarantor Service Co.,Ltd. by using received insider informationopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of Anshin Guarantor Service Co.,Ltd. by using information received from an officer of the entity.
March 20, 2018 Administrative penalty charge against an officer of Anshin Guarantor Service Co.,Ltd. for communicating insider information regarding stocks of the entityopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against an officer of Anshin Guarantor Service Co.,Ltd., for communicating insider information to an individual who used the information and committed insider trading.
March 20, 2018 Administrative penalty charge against an individual for committing insider trading regarding stocks of NIKKO TRAVEL CO., LTD. by using received insider informationopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of NIKKO TRAVEL CO., LTD. by using information received from an employee of a tender offeror of NIKKO TRAVEL CO., LTD.

* : NIKKO TRAVEL CO., LTD. was delisted in May 2017.
March 20, 2018 Administrative penalty charge against SOPHIA HOLDINGS CO.,LTD. for making false statements in its securities reportsopen new window
< Summary>
On March 19, 2018, the FSA issued an order to impose an administrative penalty charge against SOPHIA HOLDINGS CO.,LTD. for making false statements in its securities reports.
March 20, 2018 The first trial of an administrative penalty case against an officer of Morpho, Inc. for committing insider trading regarding stocks of Morpho, Inc.open new window
< Summary>
On March 28, 2018, the first trial of an administrative penalty case against an officer of Morpho, Inc. for committing insider trading regarding stocks of Morpho, Inc. was conducted.


Others

March 23, 2018 Warning issued to Binance that is operating the virtual currency exchange business without proper registrationopen new window
< Summary>
The FSA issued a warning to Binance that is operating the virtual currency exchange business without proper registration in violation of the “Payment Services Act.”

Site Map

top of page