Financial Services AgencyFSA Weekly Review No.305

August 9, 2018

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 PDF The International Organization of Securities Commissions (IOSCO) to launch 2018 World Investor Week open new window
August 2, 2018 PDF International Association of Insurance Supervisors (IAIS) has issued public consultation document on the risk-based global Insurance Capital Standard (ICS) Version 2.0 open new window
August 2, 2018 PDF 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) open new window
July 31, 2018 PDF Financial Stability Board (FSB) published a Self-assessment questionnaire for prospective UPI Service Providers open new window


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) open new window
< 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 PDF 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 open new window
< 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” open new window
< 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.”

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