What’s New on the FSA Website

Week of February 18, 2019 - February 22, 2019

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

Press Conferences

February 18, 2019	Press Conference by the Minister for Financial Services (February 5, 2019) (Available in Japanese)
February 18, 2019	Press Conference by the Minister for Financial Services (February 1, 2019) (Available in Japanese)

Public Comments

(The following public comments are available in Japanese)

February 22, 2019	Publication of the finalized amendment to the “Cabinet Order to Amend the Order for Enforcement of the Postal Service Privatization Act”  < Summary> The FSA and the Ministry of Internal Affairs and Communications jointly finalized the amendment to the “Cabinet Order to Amend the Order for Enforcement of the Postal Service Privatization Act.” The amendment mainly pertains to savings caps for ordinary savings and fixed-term deposit accounts at Japan Post Bank, based on the recommendation made by the Postal Service Privatization Committee to set savings caps for ordinary savings and fixed-term deposit accounts respectively. The amended Order will be enforced in due course.
February 18, 2019	Publication of the finalized amendments to the regulatory notices and guidelines pertaining to Pillar 3 disclosure requirements in respect of the review of interest rate monitoring methods  < Summary> The FSA finalized the amendments to the regulatory notices and guidelines pertaining to Pillar 3 disclosure requirements in respect of the review of interest rate monitoring methods, following the regulatory notices and guidelines pertaining to the Pillar 3 disclosure requirements and monitoring of interest rate risks which were updated in December 2017. The amendments mainly pertains to the disclosure of interest rate risks of banks subject to domestic standards. The amended regulatory notices and guidelines will be enforced on March 31, 2019.
February 18, 2019	Publication of a cabinet office order to amend the “Regulation on Terminology, Forms and Preparation Methods of Financial Statements and Consolidated Financial Statements”  < Summary> The FSA proposed a cabinet office order to amend the “Regulation on Terminology, Forms and Preparation Methods of Financial Statements and Consolidated Financial Statements,” following the recent publications of revised accounting standards by ASBJ and IASB.

Press Releases

(The following press releases are available in English)

International 

February 18, 2019	FSB publishes its 2019 work programme

Others

February 19, 2019	Updated list of issuers of gift certificates in repayment procedures based on the “Payment Services Act”

(The following press releases are available in Japanese)

Councils

February 20, 2019	Appointment of the Business Accounting Council’s chairperson and committee members  < Summary> The FSA announced that the Business Accounting Council’s chairperson and committee members were appointed by the Commissioner of the FSA.
February 19, 2019	Publication of the agenda and handouts of the 19th meeting of the “Working Group on Financial Markets” of the Financial System Council  < Summary> The FSA published the agenda and handouts of the 19th meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on February 19, 2019.

Securities

February 22, 2019	Administrative penalty charge against a corporation for committing insider trading regarding stocks of Y.S.FOOD CO.,LTD. by using received insider information  < Summary> On February 21, 2019, the FSA issued an order to impose an administrative penalty charge against a corporation for committing insider trading regarding stocks of Y.S.FOOD CO.,LTD. by using information received from an officer of the contract negotiator with the entity.
February 22, 2019	Administrative penalty charge against an individual for recommending the purchase of stocks of Oisix ra daichi Inc. (the former corporate name: Oisix.daichi Inc.) based on insider information obtained as an employee of the entity  < Summary> On February 21, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for recommending the purchase of stocks of Oisix ra daichi Inc. (the former corporate name: Oisix.daichi Inc.)  based on insider information obtained as an employee of the entity to a non-insider who purchased the stocks based on the employee’s recommendation.
February 22, 2019	Administrative penalty charge against an individual for committing insider trading regarding stocks of DREAM VISION CO., LTD. by using received insider information  < Summary> On February 21, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of DREAM VISION CO., LTD. by using information received from an employee of the contractor with the entity.

 

Others

February 22, 2019

Symposiums for effective financial intermediation in region-based relationship banking for FY 2018 (April 2018 - March 2019) to be held in February and March 2019  < Summary> The FSA announced the schedules of symposiums for effective financial intermediation in region-based relationship banking for FY 2018 (April 2018 – March 2019) to be held in February and March 2019. Local Finance Bureaus (including Okinawa General Bureau of the Cabinet Office) have been holding symposiums since FY 2005 to stay updated with expertise and know-how on practices in region-based relationship banking. Effective collaboration between regional financial institutions and the regions is the main topic of the symposiums scheduled in February and March 2019.

February 19, 2019

Notification of business discontinuance submitted by a foreign audit firm  < Summary> The FSA published the notification of business discontinuance submitted by a foreign audit firm, KPMG, pursuant to the “Certified Public Accountants Act.”