What’s New on the FSA Website

Week of  May 20, 2019 - May 24, 2019

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

Press Conferences

May 22, 2019	Press Conference by the Minister for Financial Services (May 10, 2019) (Available in Japanese)

Public Comments

(The following public comment is available in Japanese)

May 20, 2019

Publication of the draft “Cabinet Order to Amend the Order for Enforcement of the Interest Rate Restriction Act, etc.” and the draft “Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act”  < Summary> The FSA proposed the draft “Cabinet Order to Amend the Order for Enforcement of the Interest Rate Restriction Act, etc.” and the draft “Cabinet Office Order to Amend the Ordinance for Enforcement of the Money Lending Business Act.” In anticipation of the consumption tax increase scheduled in October 2019, the proposal mainly aims to update usage fees for automated teller machines (ATMs) or any other machines that are not deemed to be interest for charges for using such machines as stipulated in the “Order for Enforcement of the Interest Rate Restriction Act, etc.” Besides, with respect to the expected increase of usage fees for ATMs which are to reflect and cover the consumption tax increase, the proposal aims to take a special measure to exempt money lenders from delivering statutory documents pertaining to the change of matters to be stated therein upon conclusion of contract as stipulated in the “Money Lending Business Act.”

Press Releases

(The following press release is available in English)

Others

May 21, 2019	Launching the TCFD Consortium of Japan

(The following press releases are available in Japanese)

Councils

May 22, 2019	Publication of the agenda and handouts of the 23rd meeting of the “Working Group on Financial Markets” of the Financial System Council  < Summary> The FSA published the agenda and handouts of the 23rd meeting of the “Working Group on Financial Markets” of the Financial System Council, which was held on May 22, 2019.
May 20, 2019	Publication of the agenda and handouts of the 44th meeting of the Audit Standard Committee of the Business Accounting Council  < Summary> The FSA published the agenda and handouts of the 44th meeting of the Audit Standard Committee of the Business Accounting Council, which was held on May 21, 2019.

Banks

May 24, 2019

Administrative action against THE SEIBU SHINKIN BANK (The Kanto Local Finance Bureau)  < Summary> The Kanto Local Finance Bureau took an administrative action against THE SEIBU SHINKIN BANK, ordering the improvement of its business operations pursuant to the “Banking Act” as applied mutatis mutandis pursuant to the “Shinkin Bank Act.” This administrative action is based on the findings mainly from on-site and off-site inspections.