What’s New on the FSA Website

Week of July 30 - August 3, 2018

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

Press Releases

(The following press releases are available in English)

International 

August 3, 2018	The International Organization of Securities Commissions (IOSCO) to launch 2018 World Investor Week
August 2, 2018	International Association of Insurance Supervisors (IAIS) has issued public consultation document on the risk-based global Insurance Capital Standard (ICS) Version 2.0
August 2, 2018	International Association of Insurance Supervisors (IAIS) has issued public consultation document on the draft overall Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame)
July 31, 2018	Financial Stability Board (FSB) published a Self-assessment questionnaire for prospective UPI Service Providers

Others

August 1, 2018	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
July 30, 2018	Updated statistics of money lending business

(The following press releases are available in Japanese)

Securities

July 31, 2018

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 a warning to an entity that is operating financial instruments business without proper registration. (See the updated list of  foreign-based entities).

July 31, 2018

Administrative penalty charge against Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for market manipulation of long-term (10-year) Japanese government bond futures  < Summary> On July 30, 2018, the FSA issued an order to impose an administrative penalty charge against Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. for market manipulation of long-term (10-year) Japanese government bond futures.

Others

August 1, 2018

Publication of the PoC test results of the third project for “FinTech PoC (Proof-of-Concept) Hub”  < Summary> From the perspective of further acceleration of challenges toward financial innovation utilizing FinTech, on September 21, 2017, the FSA has launched “FinTech PoC (Proof-of-Concept) Hub” to eliminate the hesitation and concern that FinTech firms and financial institutions are inclined to have in conducting unprecedented tests. Since its launch, the Hub has selected four PoC projects so far, in which the Hub has offered support by forming special working teams for the respective projects in cooperation with other relevant authorities as necessary. In the meantime, the third project (selected on May 7, 2018) has finalized its PoC test and the FSA has accordingly published its PoC test results. The third project is related to the “Comprehensive Guidelines for Supervision of Major Banks, etc.,” the “Comprehensive Guidelines for Supervision of Small- and Medium-Sized Enterprises and Regional Financial Institutions” and the “Comprehensive Guidelines for Supervision of Financial Instruments Business Operators.”