Financial Services AgencyFSA Weekly Review No.306

August 16, 2018

What’s New on the FSA Website

Week of August 6 - August 10, 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 10, 2018 PDF Financial Stability Board (FSB)  published a consultative document on Incentives to centrally clear over-the-counter (OTC) derivatives open new window
August 6, 2018 PDF Financial Stability Board (FSB) published reports to G20 Finance Ministers and Central Bank Governors open new window
August 6, 2018 PDF IOSCO published a final report 'Mechanisms Used By Trading Venues To Manage Extreme Volatility And Preserve Orderly Trading' open new window
August 6, 2018 Public Statement by the Financial Action Task Force (FATF) open new window
August 6, 2018 PDF IAIS and SIF published Issues Paper on Climate Change Risks to the Insurance Sector open new window


Others

August 10, 2018 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

August 10, 2018 License granted to Lawson Bank, Inc. to conduct banking businessopen new window
< Summary>
The FSA granted a license to Lawson Bank, Inc. to conduct banking business pursuant to the “Banking Act.”


Securities

August 7, 2018 Administrative penalty charge against an individual for committing insider trading regarding stocks of YURTEC CORPORATION by using received insider informationopen new window
< Summary>
On August 6, 2018, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading of stocks of YURTEC CORPORATION by using information received from an officer of the entity.
August 7, 2018 Administrative penalty charge against an individual for committing insider trading regarding stocks of USEN CORPORATION* by using received insider informationopen new window
< Summary>
On August 6, 2018, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of USEN CORPORATION* by using information received from an officer of USEN-NEXT HOLDINGS Co.,Ltd. (which is the parent company of the tender offeror of USEN CORPORATION).
 
*: USEN CORPORATION was delisted in August 2017.
August 7, 2018 Administrative penalty charge against GOYO INTEX CO., LTD. for making false statements in its securities reportsopen new window
< Summary>
On August 6, 2018, the FSA issued an order to impose an administrative penalty charge against GOYO INTEX CO., LTD. for making false statements in its securities reports.


Others

August 10, 2018 Publication of a new column titled “Teach me, Mr. Mushitori” (original Japanese title: “Oshiete Mushitori Sensei”), a subpage of the “NISA Official Promotion Webpage,” with interview articles (vol. 1 - 3)open new window
< Summary>
The FSA published a new column titled “Teach me, Mr. Mushitori” (original Japanese title: “Oshiete Mushitori Sensei”), a subpage of the “NISA Official Promotion Webpage,” with interview articles (vol. 1 - 3). The column mainly shares informative quotes from a series of interviews with an experienced individual investor, where the interviews were conducted from a novice investor’s perspective by young officials who have been with the FSA one to three years.
August 10, 2018 Publication of the interim results of on-site and off-site inspections/monitoring for virtual currency (crypto-asset) exchange service providersopen new window
< Summary>
The FSA published the interim results of on-site and off-site inspections/monitoring for virtual currency (crypto-asset) exchange service providers which were conducted by the FSA so far.
The interim results inclusive of key findings from the inspections and monitoring will be useful for service providers to further understand the supervisory focal points prescribed in the “Guidelines for Administrative Processes,” and they will be useful precautions for service users in selecting service providers.
August 10, 2018 Publication of the updated list of financial institutions signing up to the “Principles for Customer-Oriented Business Conduct” and publicizing their respective customer-oriented business approaches and KPIs (key performance indicators)open new window
< Summary>
The FSA updated the list of financial institutions signing up to the “Principles for Customer-Oriented Business Conduct” and publicizing their respective customer-oriented business approaches and KPIs (key performance indicators) by the end of June 2018 in order to visualize financial institutions’ initiatives and efforts.
August 9, 2018 Publication of the minutes and handouts of the 14th meeting of the “Working Group on Improving Banks’ Financial Intermediary Services to the Regional Corporations and Economy”open new window
< Summary>
The FSA published the minutes and handouts of the 14th meeting of the “Working Group on Improving Banks’ Financial Intermediary Services to the Regional Corporations and Economy” held on June 22, 2018.
August 8, 2018 Warnings about entities that are operating money lending businesses without proper registrationopen new window
< 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.
August 8, 2018 Requests for the facilitation of financing for the victims of the disastrous heavy rain in July 2018open new window
< Summary>
Subsequent to the series of requests for financial measures to deal with disasters caused by the disastrous heavy rain in July 2018 in the period from July 6 to 16, 2018, on August 8, 2018, the FSA further reiterated its requests along with additional requests to financial institutions in the subject prefectures to facilitate financing for the disaster-affected victims. The FSA’s additional requests to the financial institutions are intended to supplement what was missing in the previous requests to the financial institutions from the disaster-affected victims’ perspectives based on the findings from the FSA’s on-site visits to the disaster-affected area in the period from July 19 to 27, 2018.
August 3, 2018 New one-stop access to the information on the support systems for the victims of the disastrous heavy rain in July 2018 with respect to potential multiple debt problems triggered by the disasteropen new window
< Summary>
The FSA newly added a subpage to its website to provide one-stop access to the information on the support systems for the victims of the disastrous heavy rain in July 2018 with respect to potential multiple debt problems triggered by the disaster. The subpage collectively gathers information provided by the national government, local governments, and relevant organizations mainly on the support systems regarding support grants for reconstructing livelihoods of disaster victims, disaster recovery loans, and the mitigation of loan repayment terms, as well as points of contact for consultations.

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