What’s New on the FSA Website

Week of  April 15, 2019 - April 19, 2019

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

Public Comments

(The following public comment is available in Japanese)

April 19, 2019

Publication of the draft amendments to the “Order for Enforcement of the Financial Instruments and Exchange Act” and the “Cabinet Office Order on Disclosure of Corporate Affairs”  < Summary> The FSA proposed the draft amendments to the “Order for Enforcement of the Financial Instruments and Exchange Act” and the “Cabinet Office Order on Disclosure of Corporate Affairs.” The proposal mainly aims to; (1) update the disclosure requirements pertaining to restricted-equity based compensation for directors and officers, and (2) enhance the information pertaining to reasons for the change of auditors in the extraordinary report.

Press Releases

(The following press releases are available in English)

International 

April 19, 2019	The NGFS publishes its first comprehensive report
April 16, 2019	Financial Stability Board (FSB) published a letter to G20 Finance Ministers and Central Bank Governors

Publication

April 19, 2019	Publication of the 189th issue of the FSA’s monthly journal, Access FSA

Others

April 18, 2019	Stewardship Code : 246 institutional investors have signed up to the Principles for Responsible Institutional Investors as of April 12, 2019

(The following press releases are available in Japanese)

Securities

April 19, 2019	Administrative penalty charge against an individual for market manipulation regarding stocks of TRUST CO.,LTD.  < Summary> On April 18, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of TRUST CO.,LTD.
April 19, 2019	Administrative penalty charge against an individual for market manipulation regarding stocks of DAIBEA CO., LTD.  < Summary> On April 18, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for market manipulation regarding stocks of DAIBEA CO., LTD.
April 19, 2019	Administrative penalty charge against DLE Inc. for making false statements in its securities reports  < Summary> On April 18, 2019, the FSA issued an order to impose an administrative penalty charge against DLE Inc. for making false statements in its securities reports.
April 19, 2019	Administrative penalty charge against an individual for committing insider trading regarding stocks of ASATSU-DK INC. (current corporate name: ADK Holdings Inc.) by using received insider information  < Summary> On April 18, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of ASATSU-DK INC. (current corporate name: ADK Holdings Inc.) by using information received from an employee of the entity.
April 19, 2019	Administrative penalty charge against an individual for committing insider trading regarding stocks of STrust Co.,Ltd. by using received insider information  < Summary> On April 18, 2019, the FSA issued an order to impose an administrative penalty charge against an individual for committing insider trading regarding stocks of STrust Co.,Ltd. by using information received from an officer of the entity.
April 19, 2019	Administrative action against a notifier of specially permitted business for qualified institutional investors (SPBQII) who violated the previous order to improve its business operations  < Summary> The Kinki Local Finance Bureau took an administrative action against a notifier of specially permitted business for qualified institutional investors (SPBQII) who violated the previous order to improve its business operations, ordering the abolition of the notifier’s entire SPBQII and the improvement of its business operations pursuant to the “Financial Instruments and Exchange Act.”