What’s New on the FSA Website

Week of November 5 - November 9, 2018

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

Press Conferences

November 6, 2018	Press Conference by the Minister for Financial Services (October 26, 2018) Japanese version
November 6, 2018	Press Conference by the Minister for Financial Services (October 24, 2018) (Available in Japanese)
November 6, 2018	Press Conference by the Minister for Financial Services (October 23, 2018) (Available in Japanese)

Press Releases

(The following press releases are available in Japanese)

Councils

November 9, 2018	Publication of the agenda and handouts of the third meeting (in the program year 2018) of the “Study Group on the Financial System” under the Financial System Council  < Summary> The FSA published the agenda and handouts of the third meeting (in the program year 2018) of the “Study Group on the Financial System” under the Financial System Council, which was held on November 9, 2018.
November 5, 2018	Publication of the agenda and handouts of the 16th meeting of the “Working Group on Financial Markets” of the Financial System Council  < Summary> The FSA published the agenda and handouts of the 16th meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on November 5, 2018.

Banks

November 5, 2018

Publication of an outline of the financial institutions’ policies on cooperation and collaboration with electronic settlement agents  < Summary> Financial institutions have prepared and published their respective policies on cooperation and collaboration with electronic settlement agents by March 1, 2018 pursuant to Article 10 (1) of the supplementary provisions of the “Act for Partial Revision of the Banking Act (Act No. 49 of 2017)” which stipulates that financial institutions shall prepare and disclose their basic policies regarding their cooperation and collaboration with electronic settlement agents within nine months from the date of promulgation of the Act (promulgation date: June 2, 2017). In this regard, on September 28, 2018, the FSA published a summary of the respective financial institutions’ current implementation status based on their respective policies on cooperation and collaboration with electronic settlement agents, particularly in terms of the API (Application Programming Interface) development.

Securities

November 5, 2018

The first trial of an administrative penalty case against an individual for committing insider trading regarding stocks of Ci:z Holdings Co., Ltd. by using received insider information  < Summary> On November 12, 2018, the first trial of an administrative penalty case against an individual for committing insider trading regarding stocks of Ci:z Holdings Co., Ltd. by using information received from an officer of the entity was conducted.

Others

November 9, 2018	The director-general level triparty liaison meeting among the National Police Agency, the FSA, and the Consumer Affairs Agency regarding virtual currency (crypto-asset) broker dealers  < Summary> On November 7, 2018, the National Police Agency, the FSA, and the Consumer Affairs Agency jointly held the director-general level triparty liaison meeting regarding approaches/measures taken so far toward virtual currency (crypto-asset) broker dealers, deemed-virtual currency (crypto-asset) broker dealers, and entities that are providing virtual currency (crypto-asset) exchange services without proper registration.
November 8, 2018	Warnings about entities that are operating money lending businesses without proper registration  < 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.
November 8, 2018	The fifth project selected for “FinTech PoC (Proof-of-Concept) Hub”  < Summary> The FSA selected the fifth PoC project which fulfilled all requirements to provide its support through “FinTech PoC Hub.” (This PoC project is related to the “Financial Instruments and Exchange Act” and the “Payment Services Act”).
November 7, 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) (updated on November 7, 2018)  < 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 September 2018 in order to visualize financial institutions’ initiatives and efforts. The FSA also published a trend analysis report on the customer-oriented business approaches and KPIs taken by the respective financial institutions. The FSA aims at encouraging financial institutions to further “visualize” their customer-oriented business approaches and initiatives.