What’s New on the FSA Website

Week of January 28, 2019 - February 1, 2019

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

Press Conferences

January 31, 2019	Press Conference by the Minister for Financial Services (January 28, 2019) (Available in Japanese)
January 31, 2019	Press Conference by the Minister for Financial Services (January 25, 2019) (Available in Japanese)
January 28, 2019	Press Conference by the Minister for Financial Services (January 22, 2019) (Available in Japanese)

Public Comments

(The following public comments are available in Japanese)

January 31, 2019

Publication of the finalized amendments to the “Comprehensive Guidelines for Supervision of Major Banks, etc.” pertaining to liquidity ratio requirements  < Summary> The FSA finalized the amendments to the “Comprehensive Guidelines for Supervision of Major Banks, etc.” pertaining to liquidity ratio requirements. The amended Guidelines were enforced on January 31, 2019.

January 31, 2019

Publication of the finalized amendments to the “Cabinet Office Order on Disclosure of Corporate Affairs”  < Summary> The FSA finalized the amendments to the “Cabinet Office Order on Disclosure of Corporate Affairs” based on the proposal presented in the Report by the “Working Group on Corporate Disclosure” of the Financial System Council, which was published in June 2018. The amended Cabinet Office Order enhances financial information and narrative (non-financial) information in annual securities reports. The Cabinet Office Order was enforced on January 31, 2019.

Press Releases

(The following press releases are available in English)

International 

January 30, 2019	FSA and US NAIC held the 10th meeting of the Insurance Regulatory Dialogue

Publication

January 29, 2019	Publication of the 186th issue of the FSA’s journal, Access FSA

Others

January 31, 2019	International Forum of Independent Audit Regulators 2018 Report on Survey of Audit Regulators’ Enforcement Regimes
January 31, 2019	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”
January 30, 2019	Updated statistics of money lending business

(The following press releases are available in Japanese)

Councils

January 31, 2019	Publication of the agenda and handouts of the seventh 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 seventh meeting (in the program year 2018) of the “Study Group on the Financial System” under the Financial System Council, which was held on January 31, 2019.

Banks

January 30, 2019

Information sharing on cases regarding unauthorized use of bank accounts  < Summary> The FSA and local finance bureaus provide information regarding unauthorized use of bank accounts to relevant financial institutions and law enforcement authorities after obtaining consents from informants. The FSA has published statistics that include the number of information sharing on cases regarding unauthorized use of bank accounts until December 31, 2018 since September 2003, along with the corresponding actions taken by financial institutions.

January 28, 2019

Publication of a statistical report on financing by financial institutions for enterprises utilizing the “Guidelines for Personal Guarantee Provided by Business Owners”  < Summary> The FSA published a statistical report on financing by financial institutions for enterprises utilizing the “Guidelines for Personal Guarantee Provided by Business Owners.” The report reflects the period between April and September 2018. (The report is regularly published to further promote the utilization of the Guidelines).

Securities

February 1, 2019	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 warnings to entities that are operating financial instruments businesses without proper registration. (See the updated list of Japan-based entities).
January 29, 2019	Administrative penalty charge against SDS HOLDINGS Co.,Ltd. for making false statements in its securities reports  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against SDS HOLDINGS Co.,Ltd. for making false statements in its securities reports.
January 29, 2019	Administrative penalty charge against an individual for recommending the purchase of stocks of Noevir Holdings Co., Ltd. based on insider information obtained as an officer of a contractor with the entity  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for recommending the purchase of stocks of Noevir Holdings Co., Ltd. based on insider information obtained as an officer of a contractor with the entity to a non-insider who purchased the stocks based on the officer’s recommendation.
January 29, 2019	Administrative penalty charge against an individual for market manipulation regarding stocks of Softfront Holdings and Asia Gate Holdings Co.,Ltd.  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of Softfront Holdings and Asia Gate Holdings Co.,Ltd.
January 29, 2019	Administrative penalty charge against SHOKO CO., LTD. for making false statements in its securities reports  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against SHOKO CO., LTD. for making false statements in its securities reports.
January 29, 2019	Administrative penalty charge against Stream Co.,Ltd. for committing a violation of the obligation to file the amended statements to its securities registration statements  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against Stream Co.,Ltd. for committing a violation of the obligation to file the amended statements to its securities registration statements.
January 29, 2019	Administrative penalty charge against TRADERS HOLDINGS CO., LTD. for making false statements in its securities reports  < Summary> On January 28, 2019, the FSA issued an order to impose an administrative penalty charge against TRADERS HOLDINGS CO., LTD. for making false statements in its securities reports.

 

Insurance

February 1, 2019	License granted to SCOR SE to conduct foreign non-life insurance business   < Summary> The FSA granted a license to SCOR SE to conduct foreign non-life insurance business pursuant to the “Insurance Business Act.”
February 1, 2019	License granted to NISSAY SEIHO PREPARATORY COMPANY Ltd. to conduct life insurance business  < Summary> The FSA granted a license to NISSAY SEIHO PREPARATORY COMPANY Ltd. to conduct life insurance business pursuant to the “Insurance Business Act.”

 

Others

January 30, 2019	Publication of the agenda and handouts of the sixth meeting of the “Payments Council on Financial Innovation”  < Summary> The FSA published the agenda and handouts of the sixth meeting of the “Payments Council on Financial Innovation,” which was held on January 29, 2019.
January 29, 2019	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)  < 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) inclusive of the common KPIs comparable across investment trust distributors by the end of December 2018 in order to visualize financial institutions’ initiatives and efforts. The FSA also published a trend analysis report on the common KPIs comparable across investment trust distributors taken by the respective financial institutions. The FSA aims at encouraging financial institutions to further “visualize” their customer-oriented business approaches and initiatives.
January 29, 2019	Publication of the monitoring results pertaining to the status of investment trust distributors’ implementation of customer-oriented business conduct  < Summary> The FSA has been monitoring financial institutions from macro- and micro-perspectives as to whether their business approaches and initiatives reflect customer-oriented business conduct on a regular basis. In this respect, the FSA published the monitoring results pertaining to the status of major investment trust distributors’ implementation of customer-oriented business conduct. The distributors subject to the monitoring represent 9 major banks, 20 regional banks, and 7 major securities companies.